trending Market Intelligence /marketintelligence/en/news-insights/trending/AXUJGPDkhwMV-L8spDxuVg2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Orascom Development Holding Q2 profit falls YOY

Blog

Understanding the Basics of Social Housing Providers and Associations (SHPAs)

Blog

Tech in Banking: An Age of Digital Disruption

Blog

COVID-19 Impact & Recovery: LCD Outlook for H2 2021

Blog

COVID 19 Impact Recovery Media Telecom and Technology Outlook for H2 2021


Orascom Development Holding Q2 profit falls YOY

Orascom Development Holding AG said its normalized net income for the second quarter amounted to 7 Swiss centimes per share, a decrease of 89.8% from 69 centimes per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was CHF2.0 million, a decrease of 89.8% from CHF19.8 million in the year-earlier period.

The normalized profit margin dropped to 2.3% from 38.9% in the year-earlier period.

Total revenue grew 76.5% on an annual basis to CHF89.7 million from CHF50.8 million, and total operating expenses increased 32.9% on an annual basis to CHF74.6 million from CHF56.1 million.

Reported net income fell 97.8% on an annual basis to CHF569,290, or 2 centimes per share, from CHF26.5 million, or 93 centimes per share.