Brief: Orascom Development Holding: Net Profit Of CHF 10.5 Mln in Q1

Orascom Development Holding AG

17/05/2023 06:03

May 17 (Reuters) - Orascom Development Holding Ag
 ODHN.S :
    * HAS RELEASED ITS CONSOLIDATED FINANCIAL RESULTS FOR Q1
2023.
    * ODH TOTAL REVENUES REACHED CHF 130.9 MILLION AND NET
PROFIT OF
CHF 10.5 MILLION
    * ADJUSTED EBITDA REACHED CHF 36.7 MILLION WITH A MARGIN OF
28.0%
    * NET REAL ESTATE SALES RECORDED SALES OF CHF 105.6 MILLION
    * SIGNED A MASTER AGREEMENT WITH EGYPTIAN AUTHORITIES DURING
Q1
2023 THAT UNLOCKS ADDITIONAL VALUE FROM OUR GOUNA'S FLAGSHIP
PROJECT

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

 (Reporting by Berlin Newsroom)
 ((berlin.newsroom@thomsonreuters.com;))