{"id":566689,"date":"2021-07-07T13:48:02","date_gmt":"2021-07-07T13:48:02","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/07\/oih-dice-report-1q2021-earnings\/"},"modified":"2021-07-07T13:48:02","modified_gmt":"2021-07-07T13:48:02","slug":"oih-dice-report-1q2021-earnings","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/07\/oih-dice-report-1q2021-earnings\/","title":{"rendered":"OIH, Dice report 1Q2021 earnings"},"content":{"rendered":"<p><strong>EARNINGS WATCH- Orascom Investment Holding (OIH) reported net losses of EGP 31 <\/strong><strong>mn in 1Q2021, <\/strong>compared to a net income of EGP 51.6 mn in the same quarter last year, according to its <a href=\"https:\/\/ent.news\/2021\/7\/OIH-earnings-1Q2021.pdf\">consolidated financials (pdf)<\/a>. Operating revenues were up to EGP 206.6 mn during the quarter from EGP 179.4 mn in 1Q2020. Earlier this year, OIH spun off its non-bank financial services holdings into Orascom Financial Holdings through a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a0c34203-11bd-4e8b-ad37-b861ca42b976\">horizontal demerger<\/a>.<\/p>\n<p><strong>Dice reported a consolidated bottomline of EGP 4.06 mn in 1Q2021,<\/strong> reversing a net loss position to the tune of EGP 43.3 mn during the same quarter of the previous year, according to its <a href=\"https:\/\/ent.news\/2021\/7\/Dice-earnings-1Q2021.pdf\">latest financials (pdf)<\/a>. The EGX-listed clothing manufacturer's total sales jumped almost 15% to EGP 297.6 mn in 1Q2021, up from EGP 260 mn in 1Q2020.<\/p>\n<p><strong>MARKET WATCH-<\/strong><\/p>\n<p><strong>The EGX30 rose 1.2% at today\u2019s close<\/strong> on turnover of EGP 1.06 bn (14% below the 90-day average). Local investors were net sellers. The index is down 5.2% YTD.<\/p>\n<p><strong>In the green: <\/strong>CIB (+2.5%), TMG Holding (+2.2%), and CI Capital (+2.2%).<\/p>\n<p><strong>In the red: <\/strong>Fawry (-1.5%), Orascom Development Egypt (-0.9%) and Sodic (-0.2%).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 mn in 1Q2020. Earlier this [&hellip;]<\/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":[3511,409,633,503,642,125,131,618,338],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-566689","post","type-post","status-publish","format-standard","hentry","category-go-with-the-flow","tag-dice-sport-and-casual-wear","tag-earnings-watch","tag-enterprisepm","tag-financial-services","tag-go-with-the-flow","tag-investment-watch","tag-manufacturing","tag-orascom-investment-holding","tag-retail","wpautop","entry"],"acf":{"mongo_id":"61aa8e55-6d07-40f4-b392-13f5b9f16cd1","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[566680],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>OIH, Dice report 1Q2021 earnings - 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\/07\/07\/oih-dice-report-1q2021-earnings\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OIH, Dice report 1Q2021 earnings\" \/>\n<meta property=\"og:description\" content=\"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 mn in 1Q2020. 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Revenues for the quarter increased 60% y-o-y to EGP 849 bn,\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","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":551449,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/19\/earnings-watch-oih\/","url_meta":{"origin":566689,"position":1},"title":"Earnings watch: OIH","author":"enterpriseam admin","date":"19 June 2022","format":false,"excerpt":"EARNINGS WATCH-Orascom Investment Holding turned to the black in 1Q2022 to report EGP 86.5 mn after reporting a loss of EGP 31 mn in the same quarter last year, the company\u2019s financials (pdf)for the quarter showed. Operating revenues rose 51% to EGP 8 mn in the first quarter, compared to\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","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":566328,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/13\/earnings-emaar-misr-alex-medical-more-than-double-net-income-in-1q2021\/","url_meta":{"origin":566689,"position":2},"title":"Earnings: Emaar Misr, Alex Medical more than double net income in 1Q2021","author":"enterpriseam admin","date":"13 June 2021","format":false,"excerpt":"EARNINGS WATCH- Emaar Misr\u2019s consolidated net income more than doubled in 1Q2021 to EGP 529.1 mn, up from EGP 247.6 mn in the same quarter last year, according to the real estate developer\u2019s financials (pdf). The jump came as revenues soared during the first quarter of the year to EGP\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","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":557935,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/oih-sees-net-losses-of-egp-35-5-mn-in-2q2021\/","url_meta":{"origin":566689,"position":3},"title":"OIH sees net losses of EGP 35.5 mn in 2Q2021","author":"enterpriseam admin","date":"13 September 2021","format":false,"excerpt":"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\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","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":545480,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/31\/earnings-watch-oih-domty-arabia-investments-holding\/","url_meta":{"origin":566689,"position":4},"title":"Earnings watch: OIH, Domty, Arabia Investments Holding","author":"enterpriseam admin","date":"31 March 2022","format":false,"excerpt":"EARNINGS WATCH-Orascom Investment Holding saw a bottom line of EGP 564.0 mn in FY2021 compared to losses of EGP 103.22 mn in FY2020, according to the company\u2019s financials (pdf). Revenues rose 495.2% y-o-y to EGP 27.92 mn in 2021.Domty\u2019s bottom line fell 54% y-o-y to EGP 72.4 mn in 2021,\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","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":566689,"position":5},"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). OIH\u2019s revenue came in at EGP 1.17 bn, down from EGP 1.75 bn in 2018.","rel":"","context":"In &quot;Speed Round&quot;","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/566689","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=566689"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/566689\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/566680"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=566689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=566689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=566689"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=566689"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=566689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}