Orascom Development Reports US$ 1.11 Bln Losses – FY/12

Orascom Development Holding AG (Orascom Development) (ODHN.CA) has announced on Monday its standalone financial statements for the fiscal year of 2012, reporting losses of CHF 1.032 billion (US$ 1.11 billion), compared to a year earlier losses of CHF 846 million (US$ 909.58 million).