Cairo – Mubasher: Orascom Investment Holding (OIH) recorded non-consolidated net profits after tax standing at EGP 268.92 million in the first nine months (9M) of 2023, versus EGP 624.62 million in 9M-22.
Basic and diluted earnings per share (EPS) from continuing operations hit EGP 0.003 in the January-September 2023 period, an annual plunge from EGP 0.043, according to the financial statements.
Total assets increased to EGP 2.80 billion in 9M-23 from EGP 2.38 billion as of 31 December 2022.
Financials for Q3-23
In the third quarter (Q3) of 2023, the company’s net profits after tax amounted to EGP 255.91 million, compared to EGP 175.75 million in Q3-22.
The basic and diluted EPS retreated to EGP 0.003 in Q3-23 from EGP 0.032 a year earlier.
During the first half (H1) of 2023, Orascom Investment Holding generated consolidated net profits after tax valued at EGP 86.13 million, down from EGP 105.32 million in H1-22, including minority interest.
