Arab Finance: Orascom Construction Industries (OCI) (OCIC) board of directors was convened on November 26, 2015.
BoD approved consolidated financial results ending June 2015, which revealed posting net profits of LE1.388 billion after taxes, compared against incurring net losses of LE 212.9 million a year earlier.
Moreover, BoD nodded standalone financial results ending June 2015, which revealed posting net profits of LE313.5 million after taxes, compared against incurring net losses of LE 1.130 billion a year earlier.
Source: EGX & Arab Finance editor