Orascom Development Egypt results, Q1 2024
Net profit, assets, equity and cash flow for Q1 2024, against the same period a year earlier, from the published financial statements.
Net profit-1.18 billionEGP · −505.4% vs the same period a year earlier
Total assets44.89 billionEGP · +34.9% vs the same period a year earlier
Shareholders' equity8.97 billionEGP · +24.7% vs the same period a year earlier
Operating cash flow1.94 billionEGP · +276.0% vs the same period a year earlier
In short
- Orascom Development Egypt's net profit for Q1 2024 was about -1.18 billion EGP, down −505.4% from 291 million EGP in Q1 2023.
- Total assets at the end of Q1 2024 were about 44.89 billion EGP, and shareholders' equity about 8.97 billion EGP.
- Operating cash flow for Q1 2024 was positive at 1.94 billion EGP.
Key lines against the same period a year earlier
This periodQ1 2023Change
Net profit-1.18 billion291 million−505.4%
Gross profit1.11 billion993 million+11.8%
Total assets44.89 billion33.27 billion+34.9%
Total liabilities35.91 billion26.07 billion+37.7%
Shareholders' equity8.97 billion7.2 billion+24.7%
Total liabilities and equity44.89 billion33.27 billion+34.9%
Operating cash flow1.94 billion-1.1 billion+276.0%
Investing cash flow12.77 million-255 million+105.0%
Financing cash flow634 million1.35 billion−53.1%
Net change in cash2.59 billion-7.06 million+36794.4%
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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