Orascom Development Holding AG
MarketLine (a Datamonitor Company)
06 Jul 2015
Available for Immediate Download
Orascom Development Holding AG (Orascom or "the company") is a developer of integrated towns that offer hotels, private villas and apartments, leisure facilities, and supporting infrastructure. The company operates in Switzerland, Egypt, Jordan, the UAE, Oman, Morocco, Montenegro, the UK, and Romania. It is headquartered in Altdorf, Switzerland, and employed 14,750 people as of December 31, 2012. The company recorded revenues of CHF271.9 million ($290.1 million) during the financial year ended December 2012 (FY2012), an increase of 7.1% over FY2011. The operating loss of the company was CHF92.4 million ($98.6 million) in FY2012, as compared to an operating loss of CHF76.2 million ($81.3 million) in FY2011. The net loss was CHF97.2 million ($103.7 million) in FY2012, as compared to a net loss of CHF69.7 million ($74.3 million) in FY2011.