Egypt: Orascom Construction reports $7.6bln backlog in 2024
Arab Finance: Orascom Construction recorded a consolidated backlog of $7.6 billion in 2024, as per an emailed press release.
The firm also generated a revenue of $3.25 billion in 2024, with an adjusted EBITDA of $158.3 million and an adjusted net income attributable to shareholders of $117.3 million.
New awards for the year amounted to $3 billion on a consolidated basis, with pro forma new awards, including BESIX, reaching $6.6 billion.
Orascom Construction also made progress in the renewable energy sector, with commercial production of 306 MW at Egypt's 650 MW BOO wind farm starting in December—56 MW and four months ahead of schedule.
© 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
2 days ago
- Zawya
Egypt: ICMI shifts to $42,282 consolidated losses in Q1 2025
Arab Finance: International Company for Medical Industries (ICMI) swung to consolidated net losses attributable to the holding company valued at EGP 2.136 million in the first quarter (Q1) of 2025, according to the financials. The net losses were compared with the net profits of EGP 482,703 registered in Q1 2024. Loss per share reached EGP 0.041 at the end of March 2025, against earnings per share (EPS) of EGP 0.011 in the year-ago period. Revenues hiked to EGP 22.412 million from EGP 11.586 million. Regarding the standalone business, the company turned to net losses worth EGP 1.588 million in the first three months of 2025, when compared to profits amounting to EGP 93,948 in Q1 2024. Non-consolidated loss per share hit EGP 0.028 in Q1 2025, versus a profit per share of EGP 0.002 a year earlier. The revenues jumped to EGP 1.251 million from EGP 996,113. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
2 days ago
- Zawya
Egypt: EGX ends Wednesday's session in green zone
Arab Finance: The Egyptian Exchange (EGX) concluded Wednesday's trading session with collective gains after the EGX30 index surged by 1% to 32,677.87 points. Likewise, the Sharia-compliant index, EGX33 Shariah index, rose by 0.19% to 3,385.48 points. Both the EGX70 index and the EGX100 index ended the session higher by 0.33% at 9,725.99 points and by 0.52% at 13,189.59 points, respectively. EGX's turnover amounted to EGP 3.654 billion through the exchange of 1.379 billion shares in 91,372 transactions, while the market cap reached EGP 2.309 trillion. Retail investors controlled 79.09% of the total trading, while the institutions represented 20.9%. Foreign and Arab traders accounted for 7.11% and 4.45% of the trading transactions, respectively, whereas Egyptian investors took over 88.44%. Egyptian and Arab traders were sellers with EGP 60.004 million and EGP 38.754 million, respectively. The Foreign investors were buyers with EGP 98.758 million. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
4 days ago
- Zawya
Egypt: Creast Mark for Contracting swings to profits in Q1 2025
Arab Finance: Creast Mark for Contracting and Real Estate Development shifted to net profits valued at EGP 94.026 million in the first quarter (Q1) of 2025, against losses of EGP 45.592 million in Q1 2024, the financial results showed. Earnings per share (EPS) hit EGP 0.168 at the end of March 2025, compared to a loss per share of EGP 0.08 in Q1 2024. Net sales amounted to EGP 260 million during the first three months of 2025. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
