Cairo – Mubasher: Orascom Construction reported a 113% year-on-year hike in net profit during the second quarter of 2018, recording $50.6 million (EGP 907.35 million).
Revenue declined to $750.1 million in Q2-18 versus $947.2 million a year earlier, according to a bourse statement.
The global engineering and construction contractor’s consolidated profit reached $87 million in the first six months of the year, compared to $58.8 million in the year-ago period.
As for standalone business, the company incurred $1.4 loss from January to the end of June.
