{"id":545273,"date":"2022-03-16T13:54:40","date_gmt":"2022-03-16T13:54:40","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/16\/ofh-incurs-net-loss-of-egp-102-1-mn-in-first-13-months\/"},"modified":"2022-03-16T13:54:40","modified_gmt":"2022-03-16T13:54:40","slug":"ofh-incurs-net-loss-of-egp-102-1-mn-in-first-13-months","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/16\/ofh-incurs-net-loss-of-egp-102-1-mn-in-first-13-months\/","title":{"rendered":"OFH incurs net loss of EGP 102.1 mn in first 13 months"},"content":{"rendered":"

EARNINGS WATCH- <\/strong><\/p>\n

Orascom Financial Holding\u2019s (OFH) incurred a net loss of EGP 102.1 mn in the 13-month<\/strong> period since its establishment<\/strong>, the period between December 2020 and December 2021, according to OFH\u2019s financial statement (pdf)<\/a>. The company recorded operational revenues of EGP 362.4 mn and total revenues of EGP 522.1 mn during the period. OFH is the spinoff<\/a> of Orascom\u2019s non-bank financial services holdings.<\/p>\n

MARKET ROUNDUP-<\/strong><\/p>\n

The EGX30 rose 2.7% at today\u2019s close<\/strong> on turnover of EGP 2.3 bn (60.3% above the 90-day average). Local investors were net buyers. The index is down 10.4% YTD.<\/p>\n

In the green: <\/strong>Heliopolis Housing (+9.2%), TMG Holding (+8.0%) and Madinet Nasr Housing (+7.5%).<\/p>\n

In the red: <\/strong>Ibnsina Pharma (-1.0%), GB Auto (-1.0%) and Orascom Construction (-0.1%).<\/p>\n","protected":false},"excerpt":{"rendered":"

EARNINGS WATCH- Orascom Financial Holding\u2019s (OFH) incurred a net loss of EGP 102.1 mn in the 13-month period since its establishment, the period between December 2020 and December 2021, according to OFH\u2019s financial statement (pdf). The company recorded operational revenues of EGP 362.4 mn and total revenues of EGP 522.1 mn during the period. OFH […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7219],"tags":[68,633,642,553],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-545273","post","type-post","status-publish","format-standard","hentry","category-go-with-the-flow","tag-egx","tag-enterprisepm","tag-go-with-the-flow","tag-orascom-financial-holding","wpautop","entry"],"acf":{"mongo_id":"4a0ee159-4ebb-49d6-b0a4-0e2d18817f0e","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[545265],"teaser":"","voice_url":""},"yoast_head":"\nOFH incurs net loss of EGP 102.1 mn in first 13 months - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/16\/ofh-incurs-net-loss-of-egp-102-1-mn-in-first-13-months\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OFH incurs net loss of EGP 102.1 mn in first 13 months\" \/>\n<meta property=\"og:description\" content=\"EARNINGS WATCH- Orascom Financial Holding\u2019s (OFH) incurred a net loss of EGP 102.1 mn in the 13-month period since its establishment, the period between December 2020 and December 2021, according to OFH\u2019s financial statement (pdf). 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The index is up 6.23% YTD.In the green: Pioneers Holding (+3.7%), Sodic (+3.3%) and Madinet Nasr Housing (+2.9%).In the red: Orascom Development Egypt (-3.5%), Heliopolis Housing (-3.1%)\u2026","rel":"","context":"In "GO WITH THE FLOW"","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":564639,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/17\/oih-is-back\/","url_meta":{"origin":545273,"position":2},"title":"OIH is back","author":"enterpriseam admin","date":"17 February 2021","format":false,"excerpt":"The EGX30 fell -1.1% at today\u2019s close on turnover of EGP 1.4 bn (3% below the 90-day average). Foreign investors were net buyers. 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