Orascom Development Egypt: ODE reports solid 1Q 2022 results, records revenues of EGP 1.9bn

Orascom Development Egypt (ODE) started the year on solid grounds with strong operational and financial results despite the headwinds from the Russian-Ukrainian conflict and the economic backdrop in Egypt, especially after the Central Bank of Egypt's (CBE) decision to devalue the EGP against foreign currencies. The strong growth during the first quarter (1Q) of the ...