FILE – Constructions
CAIRO – 27 March 2019: Orascom Construction Ltd announced that its consolidated profits in 2018 rose 82 percent, recording $154.7 million, compared to $85.1 million in 2017.
The company’s financial indicators revealed that sales decreased during the year to $3.01 billion, compared to $3.67 billion in 2017.
As per standalone results, the company recorded loss of $36.3 million, compared to loss of $9.5 million during the previous year.
The company’s consolidated profits rose 44.96 percent during the first nine months of 2018, recording $119.3 million, compared to $82.3 million during the same months of 2017.
The company recorded profits of $32.3 million during the third quarter of 2018, compared to $23.5 million during the same quarter of 2017, with an increase of 37 percent.
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.
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