Monday, 29 November 2021

OFH’s 3Q2021 net income reaches EGP 17.9 mn

EARNINGS WATCH- Orascom Financial Holding’s net income came in at EGP 17.9 mn in 3Q2021, with net earnings of EGP 54.6 mn since its inception in December last year, according to the company’s financials (pdf). The Orascom Investment Holding spinoff reported EGP 107.6 mn in operating revenues for the quarter, and brought in EGP 268.9 mn since a demerger that concluded earlier this year and saw the company start trading separately on the EGX.

EDITOR’S NOTE- This story was amended on 29 November to correct the operational revenue figures. 


The EGX30 fell 0.6% at today’s close on turnover of EGP 955 mn (33.7% below the 90-day average). Local investors were net buyers. The index is up 3.4% YTD.

In the green: Aspire Capital (+5.5%), Pioneers Properties (+4.3%) and Orascom Development Egypt (+3.5%).

In the red: Eastern Company (-10.1%), Speed Medical (-3.0%) and AMOC (-2.6%).

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