Orascom Development Egypt results, Q2 2024
Net profit, assets, equity and cash flow for Q2 2024, against the same period a year earlier, from the published financial statements.
Net profit1.27 billionEGP · −55.0% vs the same period a year earlier
Total assets50.7 billionEGP · +29.2% vs the same period a year earlier
Shareholders' equity13.14 billionEGP · +31.8% vs the same period a year earlier
Operating cash flow4.56 billionEGP · +255.3% vs the same period a year earlier
In short
- Orascom Development Egypt's net profit for Q2 2024 was about 1.27 billion EGP, down −55.0% from 2.83 billion EGP in Q2 2023.
- Total assets at the end of Q2 2024 were about 50.7 billion EGP, and shareholders' equity about 13.14 billion EGP.
- Operating cash flow for Q2 2024 was positive at 4.56 billion EGP.
Key lines against the same period a year earlier
This periodQ2 2023Change
Net profit1.27 billion2.83 billion−55.0%
Gross profit8.17 billion5.11 billion+59.7%
Total assets50.7 billion39.24 billion+29.2%
Total liabilities37.56 billion29.27 billion+28.3%
Shareholders' equity13.14 billion9.97 billion+31.8%
Total liabilities and equity50.7 billion39.24 billion+29.2%
Operating cash flow4.56 billion1.28 billion+255.3%
Investing cash flow-782 million-1.67 billion+53.3%
Financing cash flow-963 million2.06 billion−146.8%
Net change in cash1.88 billion1.67 billion+12.5%
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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