Orascom Construction .... profits booming.
Orascom Construction net income hits $35.2m
CAIRO, August 31, 2015
Egypt's Orascom Construction said its net income for the second quarter of 2015 rose to $35.2 million.
The engineering and building business, which is dual listed in Cairo and Dubai, reported revenues of $1.017 billion.
Orascom Construction had earlier reported that the company had made a net profit of EGP4.6 billion ($588 million) last year after a loss of EGP1.4 billion ($178.9 million) in 2013.
The sales for 2014 rose to EGP7.8 billion ($996.8 million) from EGP6.2 billion ($792.3 million) the previous year. – Reuters