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Orascom Development Holding AG gives FY 2014 outlook below analysts' estimates


Wednesday, 19 Mar 2014 02:00am EDT 

Orascom Development Holding AG:Expects to report 18-20 pct decrease in consolidated revenues for FY 2013 compared to same period of last year (FY 2012: 97 million Swiss francs net loss).Expects net loss in range of 145-160 million Swiss francs mainly due to challenging market environment caused by political instability in Egypt.Says main contributors to bottom-line loss are: reduced revenues, lower capitalization of financing costs, Egyptian Pound devaluation in addition to provisions, impairments of investments and reassessment of the recoverability of deferred tax assets.FY 2013 net income estimate -70.53 million Swiss francs - Thomson Reuters I/B/E/S.FY 2012 revenue 272 million Swiss francs.FY 2013 revenue estimate 251.86 million Swiss francs - Thomson Reuters I/B/E/S. 

Company Quote

18.3
0.35 +1.95%
21 Nov 2014