in this issue
World News and Views :: Projects
Orascom's Earnings and Revenues Rise; Projects Are on Track
1:31 PM MDT | September 6, 2011 | Natasha Alperowicz
Orascom Construction Industries (OCI; Cairo), whose businesses cover fertilizer and methanol production as well as plant construction, reported a 34% increase in second quarter Ebitda to E£2.15 billion ($360.6 million) on 10% higher sales at E£8.8 billion compared with the year-earlier period. Net income was 15% higher at E£985.4 million. Net income during the second quarter was impacted by a rise in the Egyptian corporate income tax rate from 20% to 25%, says Nassef Sawiris, chairman and CEO. During the second quarter the fertilizer group sold...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee