orascom development 2010 net profit drops 11 pct
Last Updated : GMT 09:40:38
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Last Updated : GMT 09:40:38
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Orascom Development 2010 net profit drops 11 pct

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Themuslimchronicle, themuslimchronicleOrascom Development 2010 net profit drops 11 pct

Cairo - Arabstoday

Real estate and hotels firm Orascom Development said on Friday its 2010 net profit after non-controlling interests declined by 11 percent year-on-year to 94.9 million Swiss francs. The Swiss-listed company, known mostly for building luxury resorts, posted net profit of 106.5 million francs in 2009. Orascom, whose main presence is in Egypt, said its 2010 total consolidated revenues fell 12 percent to 516.1 million francs from 586.1 million francs a year earlier.

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orascom development 2010 net profit drops 11 pct orascom development 2010 net profit drops 11 pct

 



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