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Regions :: Africa :: Algeria

OCI Reports Solid Results Despite Recent Political Unrest in Egypt

2:43 AM MST | March 8, 2011 | Natasha Alperowicz

OCI (Cairo), a conglomerate that covers production of fertilizers as well as plant construction activities, says fourth quarter consolidated Ebitda and net income grew 39% and 76% to E£1.82 billion ($317.8 million) and E£1.06 billion respectively compared with the year earlier period. Revenues increased 35% to E£7.6 billion in the fourth quarter of 2010. Full year results were also up. Consolidated revenues grew 28% to E£27.6 billion in 2010 and Ebitda rose by 37% to E£6.1 billion. Net income in 2010 increased by 37% to E£3.34...

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