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| Orascom's revenue grew 54% in January-September Orascom Construction, Egypt's largest builder by market value, said construction revenue grew 54.4% to US$ 2,713.3 million (LE 14,723.6 million) versus US$ 1,756.9 million (LE 10,005.1 million) in 9M 2007. EBITDA rose 129.4% to US$ 733.8 million (LE 3, 982.0 million) versus US$ 319.9 million (LE 1, 821.9 million) in 9M 2007. Net income from continued operations increased 230.6% to US$ 647.9 million (LE 3, 515.8 million) versus US$ 196.0 million (LE 1, 115.9 million) in 9M 2007. Consolidated revenue grew 74.9% to US$ 991.9 million (LE 5,382.6 million) versus US$ 567.3 million (LE 3,230.4 million) in Q3 2007. EBITDA rose 152.0% to US$ 307.2 million (LE 1,667.0 million) versus US$ 121.9 million (LE 694.1 million) in Q3 2007. Consolidated backlog reached a record US$ 7.61 billion, reflecting growth of 60.5% over the backlog as at December 31 2007 and 8.8% higher than the previous quarter. Net Income grew 293.3% to US$ 205.1 million (LE 1,113.4 million) versus US$ 52.2 million (LE 297.0 million) in Q3 2007. write your comments about the article :: © 2008 Construction News :: home page |