Orascom Development Egypt said that the group’s city management sector managed to maintain strong performance and continued to secure the flow of revenues for the group.
Revenues increased in the fourth quarter of 2020 by 17.9% to reach 206.2 million pounds, while profits before deduction of interest, taxes, depreciation, depreciation and non-cash items amounted to about 19.3 million pounds in the fourth quarter of last year.
She attributed the reason to the high performance indicators of the sector to the increase in revenues of services and utilities that include water and electricity, as many homeowners in El Gouna preferred to work from El Gouna rather than Cairo, and thus the increased use of utilities.
The company was able to resume some activities as of September 21, 2020, and the fourth edition of the El Gouna Film Festival was successfully hosted from October 23 to October 31, 2020, noting that the total revenues for the year 2020 will continue to be fixed at 684.9 million pounds.
The article “Orascom Development”: The urban sector achieves revenues of 684 million pounds by the end of 2020, it was written in Al-Borsa newspaper.