full article

Orascom Construction Reports Strong Results in H1 2018

29 August, 2018

• Net income attributable to shareholders increased 113.5% y-o-y to USD 50.6 million in Q2 2018 and 59.6% y-o-y to USD 82.5 million in H1 2018
• Pro forma EBITDA including 50% share in BESIX increased 11.2% y-o-y to USD 152.2 million and consolidated EBITDA increased 1.1% y-o-y to USD 112.3 million in H1 2018
• Pro forma backlog including 50% share in BESIX of USD 6.2 billion and consolidated backlog of USD 4.2 billion as of 30 June 2018
• Pro forma new awards including 50% share in BESIX of USD 1.9 billion and consolidated new awards of USD 997.9 million in H1 2018
• BESIX reports a standalone backlog of EUR 3.3 billion and new awards of EUR 1.5 billion in H1 2018
• A dividend distribution of USD 30 million (USD 0.26 per share) was paid out to shareholders in July 2018