Orascom Construction PLC (ORAS) has released its earnings report for the financial year ended 2023, showcasing robust financial performance. The company's net income attributable to shareholders experienced a surge of +39.7%, reaching USD 158.6 million, compared to USD 113.5 million reported in the same period last year.
The MEA zone contributed greatly to this growth, with a surge of 86.3%, recording USD 112.7 million, compared to USD 60.5 million in the corresponding period last year. The USA zone also contributed positively, with a +4.9% surge, reporting USD 34.7 million, compared to USD 33.1 million in the same period last year. However, BESIX group recorded a decline, with net income of USD 11.2 million, down from USD 19.9 million in the same period last year, representing a decrease of -43.5%.
Additionally, the earnings per share (EPS) showed a substantial increase, reaching USD 1.40/share, compared to USD 0.97/share in the same period last year.
Disclaimer and Terms of Use
The data provided on any page at www.egvest.com aren't for any investment decision or taking any action of buy or sell of any asset or investments of any type; the information on this page has been obtained from sources that EGEVST believed to be reliable, we have not independently verified such information, and it may not be accurate or complete.
EGVEST.com published a delayed feed for the Egyptian stock exchange executed stocks and its leading indices through a previous contract with EGID "Egypt for Information Dissemination" the delayed feed is referred to below as "information."
The "information" displayed and published by EGVEST.com could lead to financial losses. It should be used on a personal and only personal responsibility. The "information" contains simplified mathematical calculations that clarify, simplify, and classify the "information" without using any financial valuation methods and don't represent any recommendation to buy, sell or hold financial assets.
The Data source is the Central Bank of Egypt website and on this system for display only without any analysis or recommendations