Orascom Development Egypt (ODE) posted 571.32 million Egyptian pounds in consolidated net profits in 2020, down by 19% year-on-year (YoY) 705.55 million pounds, including minority shareholders’ rights.
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The company’s revenues rose to 4.98 billion pounds last year from 4.66 billion pounds in 2019, according to a bourse disclosure on Tuesday.
As for standalone business, ODE achieved net profits of 403.8 million pounds in 2020, down from 634.12 million pounds a year earlier.
