Orascom Construction’s profit jump to $85.1M in 2017

CAIRO – 12 April 2018: Orascom Construction Ltd's consolidated profits marked a 60.6 percent increase during 2017, recording $85.1 million (LE 1.5 billion), compared to $53 million in 2016.

The company’s financial indicators revealed that the revenues declined to $3.6 billion in 2017, compared to $4 billion in 2016.

In standalone financial indicators, Orascom Construction’s loss decreased to $9.5 million, compared to a loss of $29.2 million in 2016.

It recorded $82.3 million as consolidated profits in the first nine months of 2017, up from $77.7 million in the corresponding period of 2016.

While the standalone financial indicators showed that the net loss increased in the first nine-month of 2017 to $14.9 million, compared to $185,900 in the same period of 2016.

Orascom Construction Ltd is a public company, listed on Nasdaq Dubai and EGX. It operates within the capital goods sector, with a focus on construction and engineering.
It has companies operating across South and Central Asia, North America, Western Europe, North Africa, West Africa and the Middle East.

Orascom Construction is based in Dubai, UAE and was established in January 2015. While al-Sahraa Group is an Emirati company that specializes in road transportation and was founded in 1983.