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Orascom Development Holding AG (ODHN.S)

ODHN.S on Swiss Exchange

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Tue, Aug 15 2017

BRIEF-Orascom Development Holding H1 adj EBITDA up at CHF 11.0 mln

* ‍GROSS PROFIT INCREASED BY 11.7% TO REACH CHF 24.9 MILLION IN 1H 2017 COMPARED TO CHF 22.4 MILLION IN 1H 2016​

BRIEF-Orascom Development Holding posts Q1 adj EBITDA of CHF 4.8 mln

* Q1 REVENUES REACHED CHF 52.5 MILLION VERSUS. CHF 61.2 MILLION IN Q1 2016

BRIEF-Orascom Development Holding FY revenues down at CHF 237.4 million

* FY total revenues of group reached 237.4 million Swiss francs ($235.40 million) versus 306.1 million Swiss francs in FY 2015, which included 65.2 million francs of land sales revenue

BRIEF-Orascom Development 2016 revenue seen at CHF 235-240 mln

* FY 2016 total revenues are expected to be in range of 235 million Swiss francs - 240 million Swiss francs ($234.69 million - $239.69 million)

BRIEF-Orascom Development Holding says Ashraf Nessim appointed CFO

* To expand executive management of ODH effective 1 April 2017

BRIEF-Orascom EGM approves proposal to delist Egyptian depositary receipts

* Extraordinary general meeting approves board of directors' proposal to delist Egyptian depositary receipts Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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