Orascom Construction : Reports Backlog of USD 5.5 Billion and Revenue of USD 979.7 Million in Q1 2022
May 20, 2022 at 01:45 am EDT
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Orascom Construction Reports Backlog of USD 5.5 Billion and Revenue of USD 979.7 Million in Q1 2022
20 May, 2022
Revenue of USD 979.7 million and consolidated EBITDA of USD 50.3 million in Q1 2022
Net profit from the Group's operating businesses of USD 24.1 million in Q1 2022
Net cash position of USD 37.0 million as of 31 March 2022
Consolidated backlog maintained y-o-y at USD 5.5 billion and pro forma backlog including 50% share in BESIX at USD 8.3 billion as of 31 March 2022
Consolidated new awards of USD 617.5 million and pro forma new awards including 50% share in BESIX of USD 1.0 billion in Q1 2022
BESIX reports a standalone backlog of EUR 5.0 billion and new awards of EUR 773.7 million in Q1 2022
The Board of Directors proposes a dividend distribution of USD 27.0 million (USD 0.2313 per share) in Q3 2022
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Orascom Construction Ltd. published this content on 20 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 May 2022 05:44:09 UTC.
Orascom Construction PLC, formerly Orascom Construction Ltd, is a United Arab Emirates-based engineering and construction contractor. The Company is primarily focused on infrastructure, industrial and high-end commercial projects in the United States, the Middle East, Africa and Central Asia for public and private clients. The Company operates under the following brands: Orascom, Contrack and The Weitz Company. The Companyâs projects cover civil buildings, heavy industries, manufacturing, petrochemicals, federal infrastructure, power generation, social infrastructure, transport, water and wastewater, design build, as well as operations and maintenance.
ORASCOM CONSTRUCTION PLC 
