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Orascom Development Holding AG (ODHN.S)

ODHN.S on Swiss Exchange

7.04CHF
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CHF0.02 (+0.28%)
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Thu, May 19 2016

BRIEF-Orascom Development Holding swings to net loss of CHF 26.4 mln in Q1

* Q1 revenue from continuing operations 61.2 million Swiss francs ($61.96 million) versus 74.8 million Swiss francs year ago

BRIEF-Orascom Development sees Q1 net loss of CHF 26-28 million

* Expects to report a 17-20 pct decrease in its consolidated revenues for Q1 2016 compared to same period last year

BRIEF-Orascom Development Holding not to propose a dividend

* In respect of the current year, the board of directors does not propose a dividend Source text - http://bit.ly/1SHlnnO Further company coverage: (Gdynia Newsroom)

BRIEF-Orascom Development Holding expects FY 2015 net loss of CHF 21 mln - 23 mln

* Expects to report a 20 pct - 22 pct increase in its consolidated revenues for year 2015 compared to same period last year

BRIEF-Orascom Development sees FY 2015 revenue up 20-22 pct

* Expects to report a 20-22 pct increase in consolidated revenues for year 2015 compared to same period last year

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