Orascom Construction Reports Backlog of USD 7.5 Billion and Net Income of USD 26.4 Million in Q2 2016
24 August, 2016
Backlog of USD 7.5 billion as of 30 June 2016 led by USD 2.2 billion in new awards during Q2 2016
Revenue of USD 1,024.1 million, EBITDA of USD 50.3 million and net income of USD 26.4 million in Q2 2016
Revenue of USD 1,997.0 million, EBITDA of USD 99.1 million and net income of USD 49.4 million in H1 2016
Net cash position of USD 299.0 million as of 30 June 2016 and operating cash flow of USD 260.8 million generated in H1 2016
BESIX’s standalone backlog reaches another high of EUR 3.6 billion, resulting in pro forma backlog including the Group’s 50% share in BESIX of USD 9.5 billion