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FINANCIAL NEWS
Egypt Orascom Hotels records revenues of USD 85.5mn
02 Apr 2016
(MENAFN) Orascom Hotels and Development (OHD), Egypt’s Premier Resort Developer logged revenues of USD 85.5mn in 2015.
Moreover, the firm had recorded a huge boost in profitability, with net profit of USD 23.14mn last year compared to USD 11.9mn in 2014.
In addition, the company recorded net profit of USD 42.91mn through the cited year compared to losses USD 3.03mn in 2014.
On the other hand, OHD’s assets have reached USD 0.38bn across 2015 compared to USD 0.37bn in 2014.
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