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OCI net profit soars 77pc in Q1

Cairo, May 11, 2011

Orascom Construction Industries (OCI) said on Wednesday its first-quarter net profit soared 77 percent year-on-year to $206.1 million.

The firm, Egypt's biggest listed builder and fertiliser maker, made net profit of $116.6 million in the same period a year earlier.

The earnings beat the average forecast from seven analysts polled by Reuters of $182 million. Their estimates ranged from $159 million to $200 million. - Reuters




Tags: Egypt | Orascom Construction | builder |

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