Cairo-Mubasher: Orascom Development Holding AG said it has recorded CHF 3.3 million (EGP 26.6 million) in investment gains during the first quarter of 2015, compared with CHF 4.9 million (EGP 39.5 million) a year earlier.

The company posted net losses of CHF 37.963 million (EGP 306 million) in Q1, against CHF 3.9 million (EGP 31.44 million) in net profits in the same period a year earlier.

The company’s revenues rose to EGP 74.8 million, from EGP 69.8 million.