{"id":557935,"date":"2021-09-13T13:29:15","date_gmt":"2021-09-13T13:29:15","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/oih-sees-net-losses-of-egp-35-5-mn-in-2q2021\/"},"modified":"2021-09-13T13:29:15","modified_gmt":"2021-09-13T13:29:15","slug":"oih-sees-net-losses-of-egp-35-5-mn-in-2q2021","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/oih-sees-net-losses-of-egp-35-5-mn-in-2q2021\/","title":{"rendered":"OIH sees net losses of EGP 35.5 mn in 2Q2021"},"content":{"rendered":"

<\/a> EARNINGS WATCH- Orascom Investment Holding (OIH) incurred net losses of EGP 35.5 mn in 2Q2021<\/strong>, compared to losses of EGP 49.9 mn during the same quarter last year, according to their financial statements (pdf)<\/a>. Revenues rose to EGP 220.7 mn in 2Q2021, compared to EGP 177.3 mn in 2Q2020. For 1H2021, OIH\u2019s net losses reached EGP 66.6 mn, from a net profits of EGP 1.71 mn during the same period of 2020. Revenues increased to EGP 427.3 mn during the first six months of the year, compared to EGP 356.7 mn in 1H2020.<\/p>\n

\n

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

The EGX30 rose 0.9% at today\u2019s close<\/strong> on turnover of EGP 1.2 bn (21.6% below the 90-day average). Local investors were net sellers. The index is up 2.7% YTD.<\/p>\n

In the green: <\/strong>Egyptian Resorts Company (+5.9%), Palm Hills (+4.4%) and Cleopatra Hospitals (+2.4%).<\/p>\n

In the red: <\/strong>Raya (-0.8%) and Speed Medical (-0.4%).<\/p>\n","protected":false},"excerpt":{"rendered":"

EARNINGS WATCH- Orascom Investment Holding (OIH) incurred net losses of EGP 35.5 mn in 2Q2021, compared to losses of EGP 49.9 mn during the same quarter last year, according to their financial statements (pdf). Revenues rose to EGP 220.7 mn in 2Q2021, compared to EGP 177.3 mn in 2Q2020. For 1H2021, OIH\u2019s net losses reached […]<\/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":[409,633,642,618],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-557935","post","type-post","status-publish","format-standard","hentry","category-go-with-the-flow","tag-earnings-watch","tag-enterprisepm","tag-go-with-the-flow","tag-orascom-investment-holding","wpautop","entry"],"acf":{"mongo_id":"ec5a949f-a4ac-445e-bcd5-8674006d531f","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[557927],"teaser":"","voice_url":""},"yoast_head":"\nOIH sees net losses of EGP 35.5 mn in 2Q2021 - 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\/09\/13\/oih-sees-net-losses-of-egp-35-5-mn-in-2q2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OIH sees net losses of EGP 35.5 mn in 2Q2021\" \/>\n<meta property=\"og:description\" content=\"EARNINGS WATCH- Orascom Investment Holding (OIH) incurred net losses of EGP 35.5 mn in 2Q2021, compared to losses of EGP 49.9 mn during the same quarter last year, according to their financial statements (pdf). 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Revenues fell to EGP 792.4 mn in 1H2019 compared to EGP 823.5 mn a\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":564194,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/16\/fawry-mm-group-ode-all-report-stellar-earnings-in-2q2021\/","url_meta":{"origin":557935,"position":2},"title":"Fawry, MM Group, ODE all report stellar earnings in 2Q2021","author":"enterpriseam admin","date":"16 August 2021","format":false,"excerpt":"EARNINGS WATCH- Fawry\u2019s net income rose 7% to EGP 51.4 mn in 2Q2021, up from EGP 47.9 mn in the same period last year, according to its financials (pdf). Revenues jumped 35% to EGP 393.6 mn in the April-June period, up from EGP 291.3 mn last year. The modest earnings\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":571329,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/07\/earnings-watch-oih-reports-net-losses-of-egp-418-mn-in-2019\/","url_meta":{"origin":557935,"position":3},"title":"Earnings Watch- OIH reports net losses of EGP 418 mn in 2019","author":"enterpriseam admin","date":"7 May 2020","format":false,"excerpt":"EARNINGS WATCH- Orascom Investment Holding (OIH) reported a net loss of EGP 418 mn in 2019, compared to a net profit of EGP 865.6 mn in 2018, according to an EGX disclosure (pdf). 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The bottom-line growth was fuelled by a 21% rise in revenues, which reached almost\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":557821,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/05\/dice-turns-to-profit-in-2q2021\/","url_meta":{"origin":557935,"position":5},"title":"Dice turns to profit in 2Q2021","author":"enterpriseam admin","date":"5 September 2021","format":false,"excerpt":"Clothing manufacturer Dice reported a net profit of EGP 1.8 mn for 2Q2021, up from losses of EGP 47.9 mn recorded during the same quarter last year, according to the company\u2019s latest earnings release (pdf). The company\u2019s revenues rose to EGP 369 mn from EGP 185 mn in 2Q2020.The EGX30\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/557935","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=557935"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/557935\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/557927"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=557935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=557935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=557935"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=557935"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=557935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}