Orascom Investment Holding Turns to Losses in 9M

• Wednesday, 4th December 2019
• by Invest Gate

Orascom Investment Holding (OIH) turned to losses to incur EGP 92.4 mn in the first nine months of 2019, despite posting profits of EGP 1.07 bn during the same period, including minority rights.

Orascom Investment Sees Higher Losses in H1

• Wednesday, 25th September 2019
• by Invest Gate

Egypt-based Orascom Investment Holding (OIH) incurred higher net losses of EGP 153.3 mn in the first half of 2019, compared to EGP 141.2 mn recorded during the prior-year period.

Emaar Misr Posts Lower Profits in H1

• Tuesday, 6th August 2019
• by Invest Gate

Emaar Misr, a wholly-owned subsidiary of UAE-based Emaar Properties, reported a 91% drop year-on-year (YoY) in its profits during the first half of 2019

ERC Posts EGP 126.3 mn Net Revenues in FY 2018

• Thursday, 11th April 2019
• by Invest Gate

Egypt’s master and real estate developer Egyptian Resorts Company recorded net revenues of EGP 126.3 mn in FY 2018, down 55% YoY from EGP 281.1 mn a year earlier.

Arabtec Turns Profitable in H1 

• Thursday, 10th August 2017
• by Menna A. Farouk

Dubai-listed developer Arabtec Holding reports profits of AED 42 mn in the first half of 2017, against losses of AED 243 mn in the prior-year period, Invest-Gate reports.

Ezz Steel Sees Higher Losses in Q1

• Wednesday, 19th July 2017
• by Menna A. Farouk

Egyptian steel producer Ezz Steel incurs higher consolidated losses year-on-year in the first quarter of the fiscal year 2017/2018, Invest-Gate reports.

Arab Development to Incur Losses Worth EGP 600,000 on Project Withdrawal

• Wednesday, 21st June 2017
• by Menna A. Farouk

Egyptian property developer Arab Development and Real Estate Investment (ADRI) is to suffer losses worth EGP 600,000 after the Armed Forces Engineering Authority withdrew a five-building project awarded earlier to th ...

Remco For Tourism Village Construction Losses Decline in Q1

• Wednesday, 31st May 2017
• by Nayrouz Talaat

Remco for Tourism Village Construction Company’s standalone net loss declines in the first quarter of 2017 by 43.55% to stand at EGP 22.4 mn, compared to EGP 24.7 mn a year ago, Invest-Gate reports.

Marsa Marsa Alam for Development Tourism Q1 losses narrow

• Monday, 8th May 2017
• by Nayrouz Talaat

The Egyptian joint stock company Marsa Marsa Alam for Development Tourism  posts a net loss of EGP 617,633 during the first quarter of 2017, compared to a loss of EGP 6.2 mn a year ago, Invest-Gate reports.

OHD reports net loss of EGP 499.5 mn

• Tuesday, 25th April 2017
• by Nayrouz Talaat

Egypt’s real estate developer Orascom for Hotels and Development has turned from profits to losses in 2016 due to the EGP flotation in November, Invest-Gate reports.