{"id":621353,"date":"2018-11-06T04:11:26","date_gmt":"2018-11-06T04:11:26","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/06\/oc-adds-usd-520-mn-in-new-awards-to-its-3q2018-backlog-with-60-coming-from-egypt\/"},"modified":"2018-11-06T04:11:26","modified_gmt":"2018-11-06T04:11:26","slug":"oc-adds-usd-520-mn-in-new-awards-to-its-3q2018-backlog-with-60-coming-from-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/06\/oc-adds-usd-520-mn-in-new-awards-to-its-3q2018-backlog-with-60-coming-from-egypt\/","title":{"rendered":"OC adds USD 520 mn in new awards to its 3Q2018 backlog, with 60% coming from Egypt"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>Orascom Construction (OC) added USD 520 mn in new awards to its 3Q2018 backlog<\/strong>, the company said in <a href=\"https:\/\/ent.news\/2018\/11\/1988.pdf\">a statement on Monday (pdf)<\/a>. Consolidated backlog as of 30 September 2018 stood at USD 4.1 bn. Egypt accounted for approximately 60% of new awards, which were mainly across the infrastructure and wastewater treatment sectors. US sales delivered 40% of new awards, with OC signing new projects across the private-sector commercial and light industrial sectors. BESIX, <a href=\"http:\/\/www.orascom.com\/our-brands\/besix\/\">OC\u2019s Belgium-based subsidiary<\/a>, added approximately EUR 380 mn of new projects in 3Q2018, bringing its total new awards to EUR 1.9 bn and backlog to EUR 3.2 bn, the company noted.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Orascom Construction (OC) added USD 520 mn in new awards to its 3Q2018 backlog, the company said in a statement on Monday (pdf). Consolidated backlog as of 30 September 2018 stood at USD 4.1 bn. Egypt accounted for approximately 60% of new awards, which were mainly across the infrastructure and wastewater treatment sectors. US sales [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[2345,130,72,363,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-621353","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-besix","tag-construction","tag-enterpriseam","tag-orascom-construction","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"e13bc637-f90c-4816-be2d-5125a4e96d32","order":"0","is_powered_by":true,"section_story_id":"f5b7622f-0b7a-42ec-b17f-b72982ea64af","story_type":"1","photo_url":"","photo_position":"above","related_issue":[621342],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>OC adds USD 520 mn in new awards to its 3Q2018 backlog, with 60% coming from Egypt - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/06\/oc-adds-usd-520-mn-in-new-awards-to-its-3q2018-backlog-with-60-coming-from-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OC adds USD 520 mn in new awards to its 3Q2018 backlog, with 60% coming from Egypt\" \/>\n<meta property=\"og:description\" content=\"Orascom Construction (OC) added USD 520 mn in new awards to its 3Q2018 backlog, the company said in a statement on Monday (pdf). Consolidated backlog as of 30 September 2018 stood at USD 4.1 bn. Egypt accounted for approximately 60% of new awards, which were mainly across the infrastructure and wastewater treatment sectors. US sales [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/06\/oc-adds-usd-520-mn-in-new-awards-to-its-3q2018-backlog-with-60-coming-from-egypt\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-11-06T04:11:26+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/06\/oc-adds-usd-520-mn-in-new-awards-to-its-3q2018-backlog-with-60-coming-from-egypt\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/06\/oc-adds-usd-520-mn-in-new-awards-to-its-3q2018-backlog-with-60-coming-from-egypt\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"OC adds USD 520 mn in new awards to its 3Q2018 backlog, with 60% coming from Egypt\",\"datePublished\":\"2018-11-06T04:11:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/06\/oc-adds-usd-520-mn-in-new-awards-to-its-3q2018-backlog-with-60-coming-from-egypt\/\"},\"wordCount\":112,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BESIX\",\"construction\",\"EnterpriseAM\",\"Orascom Construction\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/06\/oc-adds-usd-520-mn-in-new-awards-to-its-3q2018-backlog-with-60-coming-from-egypt\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/06\/oc-adds-usd-520-mn-in-new-awards-to-its-3q2018-backlog-with-60-coming-from-egypt\/\",\"name\":\"OC adds USD 520 mn in new awards to its 3Q2018 backlog, with 60% coming from Egypt - 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The adjusted net income figure reflects a one-time provision one-off provision for a case in the United States involving a subcontractor\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":549069,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/01\/orascom-construction-sees-profitability-improve-q-o-q-in-2q-2022-as-us-margins-improve-eyes-new-infrastructure-and-data-center-projects\/","url_meta":{"origin":621353,"position":1},"title":"Orascom Construction sees profitability improve q-o-q in 2Q 2022 as US margins improve; eyes new infrastructure and data center projects","author":"enterpriseam admin","date":"1 September 2022","format":false,"excerpt":"Orascom Construction (OC) reported an 8% y-o-y rise in revenues to USD 934.9 mn in 2Q 2022, with net income of USD 20.8 mn (down 13% in a high-inflation environment), according to its latest earnings release (pdf). Net income in the period was up nearly 60% over 1Q 2022, the\u2026","rel":"","context":"In &quot;EARNINGS WATCH&quot;","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":544849,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/23\/orascom-construction-net-income-up-29-in-2021\/","url_meta":{"origin":621353,"position":2},"title":"Orascom Construction net income up 29% in 2021","author":"enterpriseam admin","date":"23 March 2022","format":false,"excerpt":"Orascom Construction (OC) reported USD 113.4 mn in net income attributable to shareholders in 2021, up 29% y-o-y, according to its financials (pdf). Revenues rose 5% from 2020 to USD 3.5 bn. In 4Q, the company reported a 43% increase in net income attributable to shareholders to USD 37.1 mn,\u2026","rel":"","context":"In &quot;EARNINGS WATCH&quot;","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":576370,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/22\/earnings-orascom-construction-profits-down-6-in-3q2020\/","url_meta":{"origin":621353,"position":3},"title":"Earnings: Orascom Construction profits down 6% in 3Q2020","author":"enterpriseam admin","date":"22 November 2020","format":false,"excerpt":"EARNINGS WATCH- Orascom Construction (OC) profits fell 6.2% y-o-y to USD 30.2 mn in 3Q2020 from USD 32.2 mn last year, the company said in its earnings release (pdf). Revenues for the quarter were up 4.4% y-o-y to USD 824.5 mn. 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