Orascom Construction Reports EBITDA of USD 48.8 Million and Net Income of USD 23.0 Million in Q1 2016
26 May, 2016
Return to profitability as the Group reported blended EBITDA margin of 5.0%, EBITDA of USD 48.8 million and net income of USD 23.0 million in Q1 2016
Backlog maintained at a healthy level of USD 6.1 billion as the Group signed new contracts amounting to USD 510.4 million in Egypt, Algeria and USA during Q1 2016
BESIX’s standalone backlog grew 18% to EUR 3.5 billion, driving pro forma backlog including the Group’s 50% share in BESIX to USD 8.1 billion
Net cash position of USD 87.0 million as of 31 March 2016