OFH incurs consolidated loss in Q3
Updated 11/20/2022 9:34:14 AM
Arab Finance: Orascom Financial Holding (OFH) turned to losses for the third quarter (Q3) of 2022, according to the consolidated financial statement filed to the Egyptian Exchange (EGX) on November 20th.
The company incurred a consolidated net loss after minority interest of EGP 43.24 million in the three-month period that ended on September 30th, compared to a net profit of EGP 18.98 million in the same quarter of 2021.
It is worth noting that the company recently reported recording a standalone net profit after tax of EGP 11.487 million in the July-September period of 2022, compared to a net loss of EGP 5.677 million in Q3 2021.
It is worth noting that the company posted 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.
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.
