OIH’s standalone profits hit EGP 448.9M in 6 months
Updated 8/15/2022 3:38:00 PM
Arab Finance: Orascom Investment Holding (OIH) turned to profitability during the first six months of 2022, according to standalone financial statements filed to the Egyptian Exchange (EGX) on Monday.
The company recorded a net profit after tax of EGP 448.881 million in the six-month period ended June 30th, compared to a net loss of EGP 59.586 million in the same period a year earlier.
OIH, formerly Orascom Telecom Media and Technology Holding, is an Egypt-based holding company engaged in the telecommunications sector.
It mainly engages in global systems for mobile communications, media and technology, cable, energy, financial, real estate, and entertainment businesses.
