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FINANCIAL NEWS
Egypt’s OCI posts $148 profits in Q3
23 Nov 2010
(MENAFN) Orascom Construction Industries (OCI), an Egyptian construction firm announced that it has generated earnings of $147.6 million, registering a 22 percent surge, during the July-September period of 2009, Reuters reported.
The builder and fertilizer maker posted revenues of $1.25 billion, amounting to a 0.3 percent increase. Net profits before interest, taxes, depreciation and amortization (EBITDA) rose 31 percent to $266 million.
According to Orascom, its backlog of unfinished projects was valued at $600 million during the third quarter of the year, whereas by September-end it reached $2.1 billion.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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