Cairo – Mubasher: Orascom Investment Holding (OIH) incurred consolidated net losses of EGP 46.07 million in the first nine months of 2021, an increase of 157.5% year-on-year (YoY) from EGP 17.89 million, including minority shareholders' rights.
The operating revenues grew to EGP 613.48 million in the nine-month period ended 30 September, compared to EGP 493.3 million in the prior-year period, according to a bourse disclosure on Monday.
As for standalone business, the company turned to net losses of EGP 71.05 million in the January-September period, against net profits of EGP 47.04 million in the corresponding period a year earlier.
In the first half (H1) of 2021, the company turned to net losses of EGP 66.55 million, versus net profits of EGP 1.71 million in H1-20, including minority shareholders' rights.
