{"id":629768,"date":"2018-04-01T03:45:36","date_gmt":"2018-04-01T03:45:36","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/01\/ode-reports-net-profit-of-egp-392-mn-in-fy2017\/"},"modified":"2018-04-01T03:45:36","modified_gmt":"2018-04-01T03:45:36","slug":"ode-reports-net-profit-of-egp-392-mn-in-fy2017","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/01\/ode-reports-net-profit-of-egp-392-mn-in-fy2017\/","title":{"rendered":"ODE reports net profit of EGP 392 mn in FY2017"},"content":{"rendered":"

EARNINGS WATCH- Orascom Development Egypt reported a net profit of EGP 392 mn in FY2017<\/strong>, up from a loss of EGP 499.5 mn in FY2016, the company announced on Thursday (pdf)<\/a>. Consolidates revenues grew 78.8% to EGP 2.6 bn on the back of growth in the company\u2019s hotel business.<\/p>\n

Separately, ODE CEO Khaled Bishara announced on Thursday plans to raise the percentage of freefloat shares on EGX to 25% this year<\/strong>, up from the current 15%, Reuters\u2019 Arabic service reports<\/a>. The increase will come from the sale of shares owned by parent company Orascom Development Holding (ODH), according to Bishara.<\/p>\n","protected":false},"excerpt":{"rendered":"

EARNINGS WATCH- Orascom Development Egypt reported a net profit of EGP 392 mn in FY2017, up from a loss of EGP 499.5 mn in FY2016, the company announced on Thursday (pdf). Consolidates revenues grew 78.8% to EGP 2.6 bn on the back of growth in the company\u2019s hotel business. Separately, ODE CEO Khaled Bishara announced […]<\/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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-629768","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"eb41aef7-6f49-4ab7-96a4-b5d452219f01","order":"0","is_powered_by":true,"section_story_id":"3878e0d6-e1a1-4393-b63a-54fec53b7c0b","story_type":"1","photo_url":"","photo_position":"above","related_issue":[629747],"teaser":"","voice_url":""},"yoast_head":"\nODE reports net profit of EGP 392 mn in FY2017 - 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\/2018\/04\/01\/ode-reports-net-profit-of-egp-392-mn-in-fy2017\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ODE reports net profit of EGP 392 mn in FY2017\" \/>\n<meta property=\"og:description\" content=\"EARNINGS WATCH- Orascom Development Egypt reported a net profit of EGP 392 mn in FY2017, up from a loss of EGP 499.5 mn in FY2016, the company announced on Thursday (pdf). Consolidates revenues grew 78.8% to EGP 2.6 bn on the back of growth in the company\u2019s hotel business. Separately, ODE CEO Khaled Bishara announced […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/01\/ode-reports-net-profit-of-egp-392-mn-in-fy2017\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-01T03:45:36+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\/2018\/04\/01\/ode-reports-net-profit-of-egp-392-mn-in-fy2017\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/01\/ode-reports-net-profit-of-egp-392-mn-in-fy2017\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"ODE reports net profit of EGP 392 mn in FY2017\",\"datePublished\":\"2018-04-01T03:45:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/01\/ode-reports-net-profit-of-egp-392-mn-in-fy2017\/\"},\"wordCount\":104,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/01\/ode-reports-net-profit-of-egp-392-mn-in-fy2017\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/01\/ode-reports-net-profit-of-egp-392-mn-in-fy2017\/\",\"name\":\"ODE reports net profit of EGP 392 mn in FY2017 - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2018-04-01T03:45:36+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/01\/ode-reports-net-profit-of-egp-392-mn-in-fy2017\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/01\/ode-reports-net-profit-of-egp-392-mn-in-fy2017\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/01\/ode-reports-net-profit-of-egp-392-mn-in-fy2017\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"ODE reports net profit of EGP 392 mn in FY2017\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"ODE reports net profit of EGP 392 mn in FY2017 - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/01\/ode-reports-net-profit-of-egp-392-mn-in-fy2017\/","og_locale":"en_US","og_type":"article","og_title":"ODE reports net profit of EGP 392 mn in FY2017","og_description":"EARNINGS WATCH- Orascom Development Egypt reported a net profit of EGP 392 mn in FY2017, up from a loss of EGP 499.5 mn in FY2016, the company announced on Thursday (pdf). 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Revenues for the quarter climbed 50.9%\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":634591,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/18\/ode-announces-87-5-y-o-y-increase-in-2017-sales\/","url_meta":{"origin":629768,"position":1},"title":"ODE announces 87.5% y-o-y increase in 2017 sales","author":"enterpriseam admin","date":"18 January 2018","format":false,"excerpt":"Orascom Development Egypt (ODE) announced yesterday that sales in 2017 grew 87.5% y-o-y to EGP 1.46 bn, up from EGP 781 mn a year before, according to a company release (pdf). The increase was \u201cdriven by the strong sales momentum in El Gouna.\u201d The release says that \u201cthe new hotel\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":596795,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/08\/ode-to-open-two-new-gouna-hotels-in-coming-months\/","url_meta":{"origin":629768,"position":2},"title":"ODE to open two new Gouna hotels in coming months","author":"enterpriseam admin","date":"8 July 2019","format":false,"excerpt":"Orascom Development Egypt (ODE) will open two new hotels in Red Sea resort town El Gouna in the coming few months, CEO Khaled Bishara said. ODE had signed an EGP 200 mn agreement with Thomas Cook to develop a Gouna hotel and rebrand another in the same town. The agreement\u2026","rel":"","context":"In "Tourism"","block_context":{"text":"Tourism","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/tourism\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599133,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/19\/ode-offloads-87-stake-in-tamweel-for-egp-313-mn\/","url_meta":{"origin":629768,"position":3},"title":"ODE offloads 87% stake in Tamweel for EGP 313 mn","author":"enterpriseam admin","date":"19 June 2019","format":false,"excerpt":"M&A WATCH- ODH to use proceeds from Tamweel sale to pay down debt: Orascom Development Egypt (ODE) will use EGP 313 mn in cash proceeds from its sale of Tamweel Group to pay down debt, it said in a disclosure to the stock exchange (pdf). B Investments\u2019 Ebtikar for Financial\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":591289,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/02\/earnings-watch-orascom-investment-reports-egp-61-2-mn-profit-in-3q2019\/","url_meta":{"origin":629768,"position":4},"title":"Earnings watch: Orascom Investment reports EGP 61.2 mn profit in 3Q2019","author":"enterpriseam admin","date":"2 December 2019","format":false,"excerpt":"EARNINGS WATCH- Orascom Investment reports EGP 61.2 mn profit in 3Q2019: Orascom Investment Holding (OIH) posted a EGP 61.2 mn net profit in 3Q2019, down from EGP 1.21 bn a year earlier, according to the company\u2019s financial statement (pdf). 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