Orascom Development loses CHF37.96 mn in 1Q of 2015

Orascom Development Holding incurred net losses of CHF37.96 million in the first quarter of 2015, compared with net profit of CHF3.88 million in the first quarter of 2014, the company said in a statement sent to Egyptian Stock Exchange.

Orascom Development’s diversified portfolio of destinations is spread over eight jurisdictions (Egypt, UAE, Jordan, Oman, Switzerland, Morocco, Montenegro and United Kingdom), with the primary focus on touristic destinations and budget housing

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