Egyptian firm Orascom Construction’s Q4 profit surges over 50% to $56m

RIYADH: Egypt’s Orascom Construction Co. saw a 50.4 percent year-on-year net profit increase in the fourth quarter of 2022, with a rise in construction operations helping the firm hit $55.8 million 

Across the whole of 2022, the Cairo-based firm its total profits rise 0.1 percent to $113.5 million, compared to $113.4 million in the same period of 2021.