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.
