The ordinary general meeting of Orascom Construction Industries (OCI) endorsed on Wednesday, July 23, the board and auditor’s reports, as well as financial results for the fiscal year that ended on December 31, 2013.
The company had posted EGP 3.767 million standalone revenue in FY13, EGP 81 million standalone gross loss and EGP 331 million standalone net loss.
Board members were discharged from liability for FY13. The auditor was re-appointed and had his pay fixed for FY14.
OCI operates with EGP 5 billion authorized capital, and EGP 1.044 billion issued capital, divided into 208.938 million shares at EGP 5 par value each.