{"id":555875,"date":"2021-11-30T04:02:28","date_gmt":"2021-11-30T04:02:28","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/30\/orascom-financial-reports-egp-17-9-mn-net-income-in-3q\/"},"modified":"2021-11-30T04:02:28","modified_gmt":"2021-11-30T04:02:28","slug":"orascom-financial-reports-egp-17-9-mn-net-income-in-3q","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/30\/orascom-financial-reports-egp-17-9-mn-net-income-in-3q\/","title":{"rendered":"Orascom Financial reports EGP 17.9 mn net income in 3Q"},"content":{"rendered":"

Orascom Financial Holding reported EGP 17.9 mn in net income in 3Q2021<\/strong>, raising total income since its inception in December last year to EGP 54.6 mn, according to the company\u2019s<\/a>financials (pdf)<\/a>. The company, which was formed last year after Orascom Investment Holding spun off its financial services business, reported EGP 107.6 mn in operating revenues for the quarter. Revenues since the demerger are now at EGP 268.9 mn.<\/p>\n","protected":false},"excerpt":{"rendered":"

Orascom Financial Holding reported EGP 17.9 mn in net income in 3Q2021, raising total income since its inception in December last year to EGP 54.6 mn, according to the company\u2019sfinancials (pdf). The company, which was formed last year after Orascom Investment Holding spun off its financial services business, reported EGP 107.6 mn in operating revenues […]<\/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":[7208],"tags":[302,409,72,553],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-555875","post","type-post","status-publish","format-standard","hentry","category-earnings-watch","tag-earnings","tag-earnings-watch","tag-enterpriseam","tag-orascom-financial-holding","wpautop","entry"],"acf":{"mongo_id":"2d568fd0-c906-49d6-b9f2-2beb36d053e9","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[555860],"teaser":"","voice_url":""},"yoast_head":"\nOrascom Financial reports EGP 17.9 mn net income in 3Q - 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\/2021\/11\/30\/orascom-financial-reports-egp-17-9-mn-net-income-in-3q\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Orascom Financial reports EGP 17.9 mn net income in 3Q\" \/>\n<meta property=\"og:description\" content=\"Orascom Financial Holding reported EGP 17.9 mn in net income in 3Q2021, raising total income since its inception in December last year to EGP 54.6 mn, according to the company\u2019sfinancials (pdf). The company, which was formed last year after Orascom Investment Holding spun off its financial services business, reported EGP 107.6 mn in operating revenues […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/30\/orascom-financial-reports-egp-17-9-mn-net-income-in-3q\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-30T04:02:28+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/30\/orascom-financial-reports-egp-17-9-mn-net-income-in-3q\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/30\/orascom-financial-reports-egp-17-9-mn-net-income-in-3q\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Orascom Financial reports EGP 17.9 mn net income in 3Q\",\"datePublished\":\"2021-11-30T04:02:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/30\/orascom-financial-reports-egp-17-9-mn-net-income-in-3q\/\"},\"wordCount\":75,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"earnings\",\"earnings watch\",\"EnterpriseAM\",\"Orascom Financial Holding\"],\"articleSection\":[\"EARNINGS WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/30\/orascom-financial-reports-egp-17-9-mn-net-income-in-3q\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/30\/orascom-financial-reports-egp-17-9-mn-net-income-in-3q\/\",\"name\":\"Orascom Financial reports EGP 17.9 mn net income in 3Q - 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The Orascom Investment Holding spinoff reported EGP 107.6 mn in operating revenues for the quarter,\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":566689,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/07\/oih-dice-report-1q2021-earnings\/","url_meta":{"origin":555875,"position":1},"title":"OIH, Dice report 1Q2021 earnings","author":"enterpriseam admin","date":"7 July 2021","format":false,"excerpt":"EARNINGS WATCH- Orascom Investment Holding (OIH) reported net losses of EGP 31 mn in 1Q2021, compared to a net income of EGP 51.6 mn in the same quarter last year, according to its consolidated financials (pdf). Operating revenues were up to EGP 206.6 mn during the quarter from EGP 179.4\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":564425,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/31\/orascom-financial-in-the-black-since-launching-in-december\/","url_meta":{"origin":555875,"position":2},"title":"Orascom Financial in the black since launching in December","author":"enterpriseam admin","date":"31 August 2021","format":false,"excerpt":"Orascom Financial Holding has made a total net income of EGP 36.7 mn since its inception in December last year on revenues of EGP 248.4 mn, according to the company\u2019s financial statements (pdf). In 2Q2021, OFH generated EGP 17.3 mn in net income on revenues of EGP 119.7 mn. Orascom\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":551187,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/31\/earnings-watch-telecom-egypt-orascom-financial-holding-b-investments-report-1q2022-results\/","url_meta":{"origin":555875,"position":3},"title":"Earnings watch: Telecom Egypt, Orascom Financial Holding, B Investments report 1Q2022 results","author":"enterpriseam admin","date":"31 May 2022","format":false,"excerpt":"EARNINGS WATCH-Telecom Egypt\u2019s 1Q2022 net income declined 36% y-o-y to EGP 1.40 bn, according to the company\u2019s earnings release (pdf). The telecom company\u2019s normalized net income \u2014 which excludes Vodafone Egypt\u2019s one-offs, the effect of the rising FX rate, provisions, and impairments \u2014 came in at EGP 1.7 bn, staying\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":565874,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/10\/earnings-watch-orascom-development-arabian-cement-at-lease\/","url_meta":{"origin":555875,"position":4},"title":"Earnings Watch: Orascom Development, Arabian Cement, AT Lease","author":"enterpriseam admin","date":"10 May 2021","format":false,"excerpt":"Orascom Development Egypt\u2019s saw an almost 5x rise in net income in 1Q2021, reporting (pdf) this morning EGP 438.5 mn in income during the three-month period, up from EGP 92 mn last year. Revenues increased 62% to hit EGP 1.46 bn during the quarter, up from EGP 904 mn during\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":572233,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/16\/earnings-watch-sodic-orascom-investment-b-investments-raya\/","url_meta":{"origin":555875,"position":5},"title":"Earnings watch: Sodic, Orascom Investment, B Investments, Raya","author":"enterpriseam admin","date":"16 June 2020","format":false,"excerpt":"EARNINGS WATCH- Sodic reported a net profit of EGP 28 mn in 1Q2020, down from EGP 161 mn in 1Q2019. Revenues came in at EGP 429 mn from EGP 941 mn in the first quarter of 2019. 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