Orascom Development Egypt results, Q1 2023
Net profit, assets, equity and cash flow for Q1 2023, against the same period a year earlier, from the published financial statements.
Net profit291 millionEGP · −30.6% vs the same period a year earlier
Total assets33.27 billionEGP · +40.3% vs the same period a year earlier
Shareholders' equity7.2 billionEGP · +32.3% vs the same period a year earlier
Operating cash flow-1.1 billionEGP · −826.3% vs the same period a year earlier
In short
- Orascom Development Egypt's net profit for Q1 2023 was about 291 million EGP, down −30.6% from 420 million EGP in Q1 2022.
- Total assets at the end of Q1 2023 were about 33.27 billion EGP, and shareholders' equity about 7.2 billion EGP.
- Operating cash flow for Q1 2023 was negative at 1.1 billion EGP.
Key lines against the same period a year earlier
This periodQ1 2022Change
Net profit291 million420 million−30.6%
Gross profit993 million693 million+43.3%
Total assets33.27 billion23.72 billion+40.3%
Total liabilities26.07 billion18.28 billion+42.6%
Shareholders' equity7.2 billion5.44 billion+32.3%
Total liabilities and equity33.27 billion23.72 billion+40.3%
Operating cash flow-1.1 billion152 million−826.3%
Investing cash flow-255 million18.11 million−1506.4%
Financing cash flow1.35 billion-24.77 million+5556.5%
Net change in cash-7.06 million145 million−104.9%
Figures in EGP from the published statement summaries (consolidated where the company publishes consolidated statements), after normalising reporting units across periods. The exact figure is in the attached report, which may be the standalone version. Figures are as shown in the published statement summary; quarterly figures may be cumulative from the start of the fiscal year.
Orascom Development Egypt's Q3 2026 results, the day they are published
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