OFH records EGP 92.9M consolidated loss in Q2 2022

Updated 8/30/2022 11:25:00 AM

Arab FinanceOrascom 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.