Orascom Investment Holding S.A.E. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was EGP 20.56 million compared to EGP 4.41 million a year ago. Net income was EGP 160.06 million compared to net loss of EGP 0.482 million a year ago. Basic earnings per share from continuing operations was EGP 0.0305 compared to basic loss per share from continuing operations of EGP 0.016 a year ago.
For the nine months, sales was EGP 59.25 million compared to EGP 17.5 million a year ago. Net income was EGP 254.94 million compared to net loss of EGP 93.55 million a year ago. Basic earnings per share from continuing operations was EGP 0.0392 compared to basic loss per share from continuing operations of EGP 0.0422 a year ago.