A track record in Operations & Maintenance & high quality property management

We have secured a number of multi-year O&M contracts for projects on which the Group is also the contractor. Current O&M contracts span several sectors such water treatment, wastewater treatment, water desalination and transportation. We recognized a gap in the Egyptian market for a high-quality facility management company. To fill this growing need, Orascom construction invested in Contrack FM and Orascom Industrial Parks (Orascom-IP).

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Orascom Construction Reports 112.5% Increase in Adjusted Net Income to USD 103.5 Million and Proposes Dividend Distribution

12 April, 2018

Adjusted net income (excluding one-off non-cash tax effect) increased 112.5% y-o-y to USD 103.5 million in FY 2017 and 210.5% y-o-y to USD 29.5 million in Q4 2017
Net income attributable to shareholders (including one-off non-cash tax effect) increased 61.2% y-o-y to USD 78.5 million in FY 2017
Pro forma EBITDA including 50% share in BESIX increased 46.9% y-o-y to USD 278.2 million in FY 2017
EBITDA increased 115.1% y-o-y to USD 212.9 million in FY 2017 and 217.1% y-o-y to USD 47.3 million in Q4 2017
Net cash position maintained at USD 173.5 million as of 31 December 2017
Backlog of USD 4.6 billion as of 31 December 2017 and USD 6.4 billion including 50% share in BESIX
New awards of USD 2.2 billion in FY 2017 and USD 3.5 billion including 50% share in BESIX
The Board of Directors proposes a dividend distribution of USD 30 million (USD 0.26 per share) to shareholders