Arab Finance: Orascom Financial Holding (OFH) turned to losses during the second quarter (Q2) of 2022, according to consolidated financial statements filed to the Egyptian Exchange (EGX) on Tuesday.
The company reported a consolidated loss attributable to the parent company of EGP 92.918 million in Q2 2022, compared to a net profit of EGP 16.612 million in Q2 2021.
Total operating revenue rose to EGP 87.431 million in the three-month period ended June 30th from EGP 85.01 million in the same period a year earlier.
Founded in 2020, OFH is a technology-driven financial service investment company. The company is traded on the Egyptian Exchange under the symbol OFH.CA.