Orascom Development Egypt reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was EGP 3,238.6 million compared to EGP 1,886.14 million a year ago. Net income was EGP 582.02 million compared to EGP 365.9 million a year ago. Basic earnings per share from continuing operations was EGP 0.52 compared to EGP 0.33 a year ago. Diluted earnings per share from continuing operations was EGP 0.52 compared to EGP 0.33 a year ago.
For the six months, sales was EGP 6,191.49 million compared to EGP 3,818.03 million a year ago. Net income was EGP 873.51 million compared to EGP 786.01 million a year ago. Basic earnings per share from continuing operations was EGP 0.78 compared to EGP 0.7 a year ago. Diluted earnings per share from continuing operations was EGP 0.78 compared to EGP 0.7 a year ago.