OCI N.V. reports 9% net-profit rise in H1 2014

Ahram Online, Wednesday 27 Aug 2014

Cash flow from operations are up as revenues reach $2.32 billion on 30 June, up from $2.25 billion in H1 2013

OCI's headquarters in Cairo (Photo: Reuters)

Dutch company OCI N.V. reported a net profit rise of 9 percent to $85.6 million for the six month period ending on 30 June 2014, in semi-annual condensed consolidated financial statements released on Wednesday.

OCI N.V. is a global producer of natural gas-based fertilisers and chemicals as well as an engineering and construction contractor based in the Netherlands and listed in the NYSE Euronext in Amsterdam.

The group – which has two operating segments, fertilisers and chemicals and engineering and construction – reported revenues of $2.32 billion in the first half of this year, compared to $2.25 billion in the same period of 2013.

Cash flow from operations reached $194.7 million, up from $110.8 million last year, while investments brought in $550.7 million, down from $674.4 million.

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