OIH’s consolidated profits fall 47.5% YoY in 2022: Egypt

Standalone revenues hit EGP 35.89 million last year, up from EGP 636,000 in the year before

Staff Writer, Arab Finance

April 5, 2023

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Orascom Investment Holding (OIH) reported a 47.48% year-on-year (YoY) drop in consolidated net profits attributable to the parent company in 2022, recording EGP 417.624 million, compared to EGP 795.212 million, the company’s financial statement showed.

Operating revenues surged to EGP 97.52 million last year from EGP 27.92 million a year earlier.

Meanwhile, the standalone business saw a 1,691.9% annual surge in net profits after tax to EGP 754.553 million in 2022, versus EGP 42.107 million.

Standalone revenues hit EGP 35.89 million last year, up from EGP 636,000 in the year before.

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