The Clap
Orascom Financial (OFH) incurred heavy losses since splitting from Orascom Investing (OIH) on December 10, 2020.
How heavy
OFH recorded net losses of EGP 102 million over its first 13-month period, ending December 2021.
The company achieved an operating income of 362.4 million pounds, until the end of December 2021. Losses/shares stood at EGP 0.0045 at the end of last December, compared to earnings/shares of EGP 0.104 at the end of last September.
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