Friday 15 Nov
Orascom Construction has announced that the value of projects under execution amounts to USD 7.7 billion dollars, and the value of revenues is USD 1.5 billion dollars in the first half of 2024.
Key highlights:
-Revenues reached $1,477.4
million, Adjusted EBITDA stood at $74.8 million, and Adjusted Net Income
amounted to $64.7 million in the first half of 2024.
-The project backlog is $7.7
billion, and including BESIX Group's 50% share, it reached $11.4 billion as of
March 31, 2024.
-New contracts amounted to $1.7
billion, and including BESIX Group's 50% share, it reached $3.4 billion in the
first half of 2024.
-BESIX Group's project backlog
was €6.8 billion, and new contracts totalled €3.3 billion in the first half of
2024.
-A dividend of $0.20 per share
was distributed to shareholders on August 21, 2024.
-Production at the first phase of the 500 MW wind farm in Egypt is expected to commence in the fourth quarter of 2024, ahead of schedule.
