Brief: Orascom Development Holding H1 Net Losses At CHF 16.4 Mln

Orascom Development Holding AG

14/08/2018 06:14

Aug 14 (Reuters) - ORASCOM DEVELOPMENT HOLDING AG  ODHN.S :
    * BREAKEVENS ON THE BOTTOM LINE, EXCLUDING ONE OFFS AND
LOSSES
FROM ASSOCIATES AND CONTINUES TO DELIVER SOLID RESULTS ACROSS
ALL BUSINESS SEGMENTS, REVENUES SURGE BY 43.3% TO CHF 155.6
MILLION AND ADJUSTED EBITDA M
    * REVENUES UP BY 43.3% TO CHF 155.6 MILLION IN 1H 2018
COMPARED TO
CHF 108.6 MILLION IN 1H 2017
    * H1 GROSS PROFIT INCREASED BY 97.2% TO CHF 49.5 MILLION
VERSUS.
CHF 25.1 MILLION IN 1H 2017
    * H1 ADJUSTED EBITDA MORE THAN TRIPLED TO CHF 35 MILLION
COMPARED
TO CHF 11 MILLION IN 1H 2017
    * H1 NET LOSSES REACHED CHF 16.4 MILLION VERSUS LOSS OF CHF
19.3
MILLION IN 1H 2017
    * H1 NET LOSSES INCLUDED A ONE-OFF FX TRANSLATIONS LOSS OF
CHF
16.7 MILLION

Source text for Eikon:  ID:nEQw5xwJa 
Further company coverage:  ODHN.S 

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