Arab Finance: Orascom Investment Holding’s (OIH) standalone net profits after tax dropped 97.01% year on year (YoY), hitting EGP 13.014 million during the first half (H1) of 2023 from EGP 448.881 million, according to the financial statement filed to the Egyptian Exchange (EGX) on August 15th.
OIH, formerly Orascom Telecom Media and Technology Holding, is an Egypt-based holding company engaged in the telecommunications sector.
It is mainly engaged in global systems for mobile communications, media and technology, cable, energy, financial, real estate, and entertainment businesses.