Orascom Construction Reports 13.9% Increase in Net Income to USD 31.9 million in Q1 2018


Highlights

  • Net income attributable to shareholders increased 13.9% y-o-y to USD 31.9 million in Q1 2018
  • Pro forma EBITDA including 50% in BESIX increased 10.4% y-o-y to USD 73.5 million and consolidated EBITDA increased 5.6% y-o-y to USD 60.3 million in Q1 2018
  • Net cash position maintained at USD 127.9 million as of 31 March 2018
  • Pro forma backlog including 50% share in BESIX of USD 6.4 billion and consolidated backlog of USD 4.3 billion as of 31 March 2018
  • Pro forma new awards including 50% share in BESIX of USD 926.6 million and consolidated new awards of USD 332.9 million in Q1 2018
  • BESIX reports a standalone backlog of EUR 3.4 billion and new awards of EUR 969.4 million in Q1 2018
  • Shareholders approved a dividend distribution of USD 30 million at the AGM

Q1 2018 Results Press Release