Quarterly profits at Orascom Construction Industries fell by almost one third as the cost of projects in Algeria and the United States weighed on earnings.
The Egyptian company, a star performer on the Cairo stock exchange this year, is often described as a contractor but makes most of its money from fertilizer sales.
But Orascom's latest quarterly numbers are disappointing. Quarterly revenues fell 8.5 per cent to US$1.3 billion compared with the same period last year.
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