Orascom Development Egypt (S.A.E) Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 15, 2021 at 03:04 am EST
Orascom Development Egypt (S.A.E) reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was EGP 1,907.16 million compared to EGP 1,342.98 million a year ago. Net income was EGP 434.73 million compared to EGP 162.83 million a year ago. Basic earnings per share from continuing operations was EGP 0.39 compared to EGP 0.15 a year ago. Diluted earnings per share from continuing operations was EGP 0.39 compared to EGP 0.15 a year ago.
For the nine months, sales was EGP 4,900.47 million compared to EGP 3,264.15 million a year ago. Net income was EGP 1,120.95 million compared to EGP 343.79 million a year ago. Basic earnings per share from continuing operations was EGP 1.01 compared to EGP 0.31 a year ago. Diluted earnings per share from continuing operations was EGP 1.01 compared to EGP 0.31 a year ago.