Orascom Construction Reports 12.1% Increase in EBITDA in H1 2017 and a Positive Outlook for FY 2017


Highlights

  • EBITDA increased 12.1% y-o-y to USD 111.1 million and net income to shareholders rose 4.7% y-o-y to USD 51.7 million in H1 2017
  • Net cash position maintained at USD 202.1 million as of 30 June 2017
  • Backlog of USD 4.7 billion as of 30 June 2017 and USD 6.6 billion including 50% share in BESIX
  • New awards of USD 747.3 million in H1 2017 and USD 1.5 billion including 50% share in BESIX
  • Current backlog provides sufficient revenue and profitability visibility as the Group pursues a robust bidding pipeline
  • BESIX continues to deliver consistent results and resumes annual dividend distribution

H1 2017 Results Press Release