Orascom Construction posts $23m Q1 profit

Thu, 26 May 2016

Construction & Real Estate

Orascom Construction posts $23m Q1 profit

CAIRO

Orascom Construction posted a net profit of $23 million in the first quarter of 2016, up significantly from $5.8 million a year ago.

The group said it signed new contracts amounting to $510 million in Egypt, Algeria and the US in the first quarter. It reported EBITDA of $48.8 million in the first quarter. - Reuters

Social Networks