Brief: Orascom Development Holding H1 Net Loss Narrows By 90.9% To CHF 1.5 Million

Orascom Development Holding AG

20/08/2019 06:10

Aug 20 (Reuters) - Orascom Development Holding AG  ODHN.S :
    * EQS-ADHOC: ORASCOM DEVELOPMENT HOLDING AG: STRONG REVENUE
GROWTH
OF 43.3% WITH EBITDA OF CHF 43.8 MILLION VERSUS. CHF 19.5
MILLION IN 1H 2018
    * H1 TOTAL REVENUES SURGED BY 43.3% TO CHF 223.0 MILLION.
    * H1 ADJUSTED. EBITDA INCREASED BY 19.1% TO CHF 41.7 MILLION
IN 1H
2019.
    * H1 NET LOSSES SIGNIFICANTLY DECREASED BY 90.9% TO CHF 1.5
MILLION VERSUS. A LOSS OF CHF 16.4 MILLION IN 1H 2018.
    * OUTLOOK FY 2019 CONFIRMED WITH REVENUES OF CHF 400 MILLION
AND
ADJUSTED EBITDA IN RANGE OF CHF 74-77 MILLION.

Source text for Eikon:  ID:nEQ1P9s7ba 
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