Pharos Research keeps Orascom Construction’s FV at $11.4

Cairo – Mubasher: Pharos Research has kept the fair value of Orascom Construction’s stock at $11.4 (EGP 200), according to a company statement.

The Egyptian construction firm’s US EBITDA margins are expected to increase 1.5% in the second six months of the year, Pharos said.

Orascom Construction posted a 113% year-on-year hike in net profit during the second quarter of 2018, reaching $50.6 million (EGP 907.35 million). 

The international 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.

Mubasher Contribution Time: 29-Aug-2018 13:53 (GMT)
Mubasher Last Update Time: 29-Aug-2018 14:04 (GMT)