Orascom Construction Reports 17.3% Increase in Net Income to USD 75.4 Million in 9M 2016


  • Backlog stood at USD 7.5 billion as of 30 September 2016 while new awards increased 56.5% y-o-y to USD 755.9 million in Q3 2016
  • Revenue of USD 2,959.1 million, EBITDA of USD 139.3 million and net income of USD 75.4 million in 9M 2016
  • Revenue of USD 962.1 million, EBITDA of USD 40.2 million and net income of USD 26.0 million in Q3 2016
  • Net cash position of USD 236.4 million as of 30 September 2016 and operating cash flow of USD 223.1 million in 9M 2016
  • BESIX continued its steady new order intake, adding EUR 1.8 billion in 9M 2016 to bring total backlog to EUR 3.3 billion
  • Net income contribution from BESIX increased to USD 15.5 million in Q3 2016 and USD 25.0 million in 9M 2016

9M 2016 Results Press Release