Orascom Construction Reports Net Income of USD 144.7 Million in FY 2018 and Proposes Dividend Distribution
27 March, 2019
Consolidated net income of USD 33.1 million in Q4 2018 and USD 144.7 million in FY 2018
Consolidated EBITDA of USD 207.1 million in FY 2018 and pro forma EBITDA including 50% in BESIX (excluding one-off legal provision in Q3 2018) of USD 323.0 million
Consolidated backlog of USD 4.3 billion and pro forma backlog including 50% share in BESIX of USD 7.0 billion as of 31 December 2018
Consolidated new awards of USD 2.3 billion and pro forma new awards including 50% share in BESIX of USD 4.3 billion in FY 2018
BESIX reports a standalone backlog of EUR 4.8 billion and new awards of EUR 3.2 billion in FY 2018
The Board of Directors proposes a dividend distribution of USD 35 million (USD 0.30 per share)