The Clap:
Orascom Construction PLC has recorded USD 50 million in net income in the three months ended in March.
Revenues:
The company saw its revenues fall 5% YoY to USD 766.3 million (EGP 35.75 billion)
Gross profit
is down 2.8% YoY to USD 67.5 million (EGP 3.16 billion.)
Operating profit:
The firm’s operating profit fell 17.9% to USD 22.9 million (EGP 1.06 billion).
Net profit:
Orascom saw its net profits surge 24.2% YoY to USD 49.8 million (EGP 2.32 billion).
