Cairo – Mubasher: The consolidated net losses of Orascom Investment Holding (OIH) narrowed by 75% year-on-year (YoY) to EGP 103.22 million in 2020, compared to EGP 425.22 million in 2019, including minority shareholders’ rights.
The operating revenues retreated to EGP 730.48 million last year from EGP 811.4 million in 2019, the company said in a bourse disclosure on Monday.
As for standalone business, the company logged net profits of EGP 115.77 million in 2020, versus net losses of EGP 253.33 million a year earlier.
During the first nine months of 2020, the company incurred consolidated net losses of EGP 17.89 million, down from EGP 92.4 million in the corresponding period in 2019, including minority shareholders’ rights.
