Orascom Construction’s profit leaps 113% in 3M

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. 

Mubasher Contribution Time: 29-Aug-2018 09:10 (GMT)
Mubasher Last Update Time: 29-Aug-2018 09:59 (GMT)