Orascom Investment Holding SAE

Orascom Telecom Media and Technology operates as a telecommunications holding company based in Egypt. Co. maintains interests in Egyptian Company for Mobile Services (ECMS), CHEO Technology Joint Venture company (koryolink) in North Korea, Orascom Telecom Ventures S.A.E. (formerly Intouch Communication Services S.A.E.), as well as other investments in the media and technology sectors, including undersea cable assets. Co. is a subsidiary of Orascom Telecom Holding S.A.E.
  • TickerOIH
  • ISINEGS693V1C014
  • ExchangeEgyptian Exchange
  • SectorMobile Telecommunications
  • CountryEgypt
Bassma Bakry

OIH: Narrower losses on lower finance cost, but still in the red

FINANCIAL BUSINESS SEGMENT GROWS SOLELY Orascom Investment Holding (OIH) reported 3Q20 revenues of EGP243.4 million, compared to EGP254.3 million in 3Q19, a decline of 4.0% YoY. During 9M20, revenues came in at EGP729.3 million, compared to EGP788.7 million, reflecting 8.0% decline YoY. Cables business (Pakistani Cables, submarine fiber optic cable operator in Pakistan) was the largest contributor to revenues, with 67.6% as of 9M20 (-4.7pps YoY), recording EGP492.8 million (-13.6% YoY). Finan...

Mariam Wael

OIH: Quarterly bottom line remains in negative territory

Financial business segment grows solely OIH reported 2Q20 revenues of EGP232.6million, compared to EGP273.8 million in 2Q19, a decline of 15.0% YoY. During 1H20, revenues came in at EGP504.8 million, compared to EGP596.0 million, reflecting a 15.3% decline YoY. Cables business (Pakistani Cables, submarine fiber optic cable operator in Pakistan) was the largest contributor to revenues, with 65.2% in 1H20 (-1.5pps YoY), recording EGP329.0 million (-17.2% YoY). Financial services segment (Belton...

Mariam Wael

OIH: Bottom line turns positive on one-off interest gain despite lower revenues

Lower revenues across the board OIH reported 1Q20 revenues of EGP272 million, compared to EGP322.3 million in 1Q19, a decline of 15.5% YoY. Cables business (Pakistani Cables, submarine fiber optic cable operator in Pakistan) was the largest contributor to revenues, with 60.2% in 1Q20, recording EGP163.8 million in 1Q20 (-23.5% YoY). Financial services segment (Beltone Financial Holding) was the second largest contributor to revenues, with 23.7% revenue contribution to total revenues in 1Q20, ...

Mariam Wael

Q3 19: Net finance cost and FX losses pressure bottom line

Lower revenues across the board OIH continue to report weak operating performance in 3Q19, showing revenues of EGP344.3 million, compared to EGP384.6 million in 3Q18; a decline of 10.5% YoY. Cables business (Pakistani Cable, Submarine fiber optic cable operator in Pakistan) was the largest contributor to revenues, with 50.2% in 3Q19, down from 53.3% of total revenues in 3Q18. Financial services segment (Beltone Financial Holding) was the second largest contributor to revenues, with 37.1% in 3...

Feasibility Study Results in December to be a Catalyst for this Junior

Feasibility Study Results in December to be a Catalyst for this Junior