Orascom Development Egypt S.A.E. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was EGP 4,175.39 million compared to EGP 2,952.89 million a year ago. Net loss was EGP 1,181.6 million compared to net income of EGP 291.49 million a year ago.

Basic loss per share from continuing operations was EGP 1.05 compared to basic earnings per share from continuing operations of EGP 0.26 a year ago. Diluted loss per share from continuing operations was EGP 1.05 compared to diluted earnings per share from continuing operations of EGP 0.26 a year ago.