Brief: Orascom Development Holding Q1 Result Turns To Loss Of CHF 4.2 Million

Orascom Development Holding AG

15/06/2020 05:44

June 15 (Reuters) - Orascom Development Holding AG  ODHN.S :
    * Q1 TOTAL REVENUES DOWN 5.3% TO CHF 92.9 MILLION VS. CHF
98.1
MILLION IN Q1 2019
    * EBITDA OF CHF 13.9 MILLION IN Q1 2020, WITH A 15.0%
MARGIN. 
    * Q1 NET REAL ESTATE SALES INCREASED TO CHF 107.7 MILLION
COMPARED
TO CHF 105.8 MILLION
    * NET LOSS OF CHF 4.2 MILLION IN Q1 2020 COMPARED TO A NET
PROFIT
OF CHF 1.1 MILLION IN Q1 2019
    * THE GROUP STILL STANDS WITH ITS EARLIER POSITION AND
ABSTAINS
FROM PROVIDING FULL-YEAR GUIDANCE ON ITS 2020 RESULTS

    
    
 Source text: https://bit.ly/2B69ndK
    
 Further company coverage:  ODHN.S  
   


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