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| OCI announces 2007 first quarter results  Cairo-based Orascom Construction Industries (OCI) announced results for the first quarter 2007. Consolidated revenue grew 46% to US$ 835.6 million (LE 4, 768.8 million) versus US$ 571.8 million (LE 3, 286.2 million) in Q1 2006. EBITDA rose 42% to US$ 230.1 million (LE 1, 313.3 million) versus US$ 161.8 million (LE 930.3 million) in Q1 2006. Net income increased 54% to US$ 140.3 million (LE 800.4 million) versus US$ 91.4 million (LE 525.0 million) in Q1 2006. Consolidated EBITDA margin of 28% and operating margin of 24%.write your comments about the article :: © 2007 Construction News :: home page |