Cairo – Mubasher: Orascom Hotels & Development (OHD) posted a 15.9% rise in net profits for the first quarter of the fiscal year 2015 to EGP 47.2 million, up from EGP 40.7 million in the same period a year earlier, according to a bourse filing posted Thursday.

Meanwhile, Q1 standalone net profits stood at EGP 90.5 million, compared with EGP 15.2 million in Q1-14.

The development company previously posted EGP 106.4 million in net profits for 2014, against EGP 562.3 million a year earlier.