Cairo – Mubasher: Orascom Development Holding - AG (ODH) posted its consolidated financial indicators for the first quarter of 2015 on Thursday, registering a drop of 62.7% in net profits to EGP 18.15 million ($2.4 million), compared with EGP 48.64 million ($6.4 million) in the corresponding period a year earlier.

Meanwhile, sales rose 7% to EGP 606.9 million, up from EGP 566.44 million in the first quarter of 2014.

Standalone financial indicators showed a surge in net losses by 1,832% to EGP 684.97 million, from EGP 35.45 million.