OCIOCI, "1H08 Results"; News BulletinSeptember 1st, 2008 -A 48.7% YoY growth in consolidated revenues to USD1,766.8 million OCI, "1Q08"; News Bulletin
June 1st, 2008
1Q08-Consolidated Results: Consolidation of EFC Pays Off ▪A 33.1% YoY growth in consolidated revenues to USD723.8 million ▪A 640bps YoY increase in consolidated EBITDA margin to 23.4%, helped by the consolidation of EFC during 1Q08 ▪A 224.0% YoY upturn in consolidated net income to USD454.4 million, inflated by USD255 million of capital gains OCI, May 29th, 2008 News AlertMay 29th, 2008 OCI Releases 1Q08 Consolidated KPIs Orascom Construction Industries (OCI) released today its 1Q08 KPIs showing healthy growth in top line and improvement in margins which translated into impressive bottom line growth. The bottom line was inflated by USD255 million of capital gains from the sale of the company's stake in Egyptian Container Handling Company. OCI-Abraaj Capital Deal, News Alert
OCI Announces Agreement With Abraaj Capital Orascom Construction Industries (OCI) announced today that it has signed an agreement with UAE's based Abraaj Capital, which has agreed to merge its fertilizer production operations under OCI for a combined cash and shares equity consideration of approximately USD1.59 billion.
OCI, "A New Growth Locomotive," Update ReportSummary § Divestment of the Cement LoB…OCI divested its cement LoB through selling OCI Building Materials Holding (the holding company that owns all cement related subsidiaries). The deal valued the Cement LoB at an enterprise value of USD14.9 billion; which implies a high EV/ton of proportionate capacity of around USD677/ton (based on a proportionate capacity of 22 million tons). |