Orascom Construction posts USD2bn increase in H1 revenue


(MENAFN) Orascom Construction has posted a first half 2017 revenue of USD2.012bn in line with the previous year.

Moreover, consolidated net income attributable to stakeholders grew 4.7 percent year on year to USD51.7mn in H1 of the year and fell 10.2 percent to USD23.7mn in Q2, 2017.

Meanwhile, the MENA region accounted for 54 percent of whole revenue, of which Egypt showed 91 percent.

In addition, consolidated EBITDA grew 12.1 percent year on year to USD111.1mn in the cited half of the year and 7.4 percent year on year to USD54mn in Q2, 2017.

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