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Orascom Construction Q2 profit falls 58%
- Egypt: Saturday, September 05 - 2009 at 11:09
Egypt-based Orascom Construction Industries (OCI) has reported a 58% drop in second-quarter profit, the Daily News Egypt has reported. OCI has posted $102.4m in profit, missing expectations of four analysts, who predicted $105m to $121m. However the company has said industrial clients are picking up over the last two to three months, including consumer goods and steel firms.
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Medilyn Manibo, Assistant News EditorSaturday, September 05 - 2009 at 11:09 UAE local time (GMT+4)
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