Orascom Development & Hotels (ODH) announced that its Egyptian subsidiary Orascom Hotels & Development (OHD) expects to report a 24-26% Y-o-Y rise in its consolidated revenue and approximately double its net profit. Management attributed the growth to the concluded land sub-development agreements signed in the first three quarters of 2015. ODH expects to report a 20-22% Y-o-Y increase in consolidated revenues in 2015 and a net loss in the range of CHF21-23 million compared to a net profit of CHF41.9 million in 2014.   The increase in revenues was driven mainly by the positive contribution from OHD, the new hotel opening in Oman and the delivery of the first 10 apartment buildings in Montenegro. The main contributors to the bottom-line losses include: i) the increase in ODH’s share of losses from Andermatt Swiss Alps (ASA) and Orascom Housing Communities (OHC), the Group’s largest associate (non-consolidated) companies; ii) the decrease in the profitability of the hotel’s segment in Egypt as a result of the continued travel bans on Taba and the negative consequences of the plane crash in the Sinai Peninsula. iii) additional one-time provisions; and iv) foreign exchange losses due to weakening of the CHF and the devaluation of the EGP. The full set of ODH’s FY 2015 results will be published on 14 April 2016 and the full set of OHD’s FY 2015 results will be published on 30 March 2016. (Company disclosure)