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Egypt's OCI Q3 net up 24pc to $183m

Cairo, November 21, 2011

Egypt's Orascom Construction (OCI) said on Monday its net profit for the third quarter of 2011 rose 24 percent to $182.9 million, in line with the consensus forecast of analysts.

Consolidated revenue grew 8.9 percent to $1.36 billion, while earnings before interest, tax, depreciation and amortisation (EBITDA) jumped 40 percent to $371.3 million.

A Reuters poll of 15 analysts on average had forecast net income of $183.3 million, revenue of $1.34 billion and EBITDA of $357.8 million. - Reuters

Tags: Egypt | OCI | profit | Orascom Construction |

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