Orascom Construction Reports 21.7% Increase in Net Income in Q1 2017


Highlights

  • EBITDA increased 17.0% y-o-y to USD 57.1 million and net income to shareholders rose 21.7% y-o-y to USD 28.0 million
  • BESIX continues to provide a healthy contribution to net income
  • Net cash position maintained at USD 186.8 million as of 31 March 2017
  • Backlog of USD 5.1 billion as of 31 March 2017 and USD 6.8 billion including 50% share in BESIX

Q1 2017 Results Press Release