Egypt’s Orascom Development Narrows Net Losses By 27% – Q1

Orascom Development Holding(AG) – (ODHN.CA) reported consolidated business results for the first quarter of 2013, a net loss of EGP 4.895 million, compared to a net loss of EGP 6.724 million for the same period a year earlier. Orascom has managed to narrow its Q1/13 net losses by 27.2%.