{"id":637678,"date":"2017-11-22T03:54:34","date_gmt":"2017-11-22T03:54:34","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/22\/oc-reports-3q2017-results\/"},"modified":"2017-11-22T03:54:34","modified_gmt":"2017-11-22T03:54:34","slug":"oc-reports-3q2017-results","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/22\/oc-reports-3q2017-results\/","title":{"rendered":"OC reports 3Q2017 results"},"content":{"rendered":"

EARNINGS WATCH- <\/strong>Our friends at Orascom Construction Limited (OC) reported net income attributable to shareholders in 3Q2017<\/a> of USD 22.4 mn, down from USD 26.0 mn in the comparable period last year. Revenues came in 16.3% lower y-o-y at USD 805.4 mn compared to USD 962.1 mn in 3Q2016. The company\u2019s consolidated backlog as of 30 September 2017 stood at USD 4.8 bn, with new awards standing at USD 1.5 mn. \u201cThis current backlog marks an increase over the closing backlog level of USD 4.7 bn as of 30 June 2017. In addition, the Group signed new contracts amounting to USD 788.7 mn in 3Q2017, compared to USD 747.3 mn in 1H2017.\u201d Infrastructure and industrial work make up the bulk of the backlog, accounting for 81% of the total. In Egypt, OC added c. USD 550 mn in new awards for the 3Q2017 period across a number of sectors, including transport, water treatment, power, as well as projects in the new administrative capital and New Alamein city. \u201cThe Group is playing a leading role in the construction of the New Administrative Capital and Alamein cities, and is currently executing select projects such as the cultural center.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

EARNINGS WATCH- Our friends at Orascom Construction Limited (OC) reported net income attributable to shareholders in 3Q2017 of USD 22.4 mn, down from USD 26.0 mn in the comparable period last year. Revenues came in 16.3% lower y-o-y at USD 805.4 mn compared to USD 962.1 mn in 3Q2016. The company\u2019s consolidated backlog as of […]<\/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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-637678","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"372571f4-aa81-4fb3-a65a-9454051eff88","order":"0","is_powered_by":true,"section_story_id":"391db8a4-553c-4131-95ea-19837d7caa75","story_type":"1","photo_url":"","photo_position":"above","related_issue":[637666],"teaser":"","voice_url":""},"yoast_head":"\nOC reports 3Q2017 results - 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\/2017\/11\/22\/oc-reports-3q2017-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OC reports 3Q2017 results\" \/>\n<meta property=\"og:description\" content=\"EARNINGS WATCH- Our friends at Orascom Construction Limited (OC) reported net income attributable to shareholders in 3Q2017 of USD 22.4 mn, down from USD 26.0 mn in the comparable period last year. 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The company\u2019s consolidated backlog as of […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/22\/oc-reports-3q2017-results\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-22T03:54:34+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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/22\/oc-reports-3q2017-results\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/22\/oc-reports-3q2017-results\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"OC reports 3Q2017 results\",\"datePublished\":\"2017-11-22T03:54:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/22\/oc-reports-3q2017-results\/\"},\"wordCount\":185,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/22\/oc-reports-3q2017-results\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/22\/oc-reports-3q2017-results\/\",\"name\":\"OC reports 3Q2017 results - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-11-22T03:54:34+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/22\/oc-reports-3q2017-results\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/22\/oc-reports-3q2017-results\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/22\/oc-reports-3q2017-results\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"OC reports 3Q2017 results\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"OC reports 3Q2017 results - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/22\/oc-reports-3q2017-results\/","og_locale":"en_US","og_type":"article","og_title":"OC reports 3Q2017 results","og_description":"EARNINGS WATCH- Our friends at Orascom Construction Limited (OC) reported net income attributable to shareholders in 3Q2017 of USD 22.4 mn, down from USD 26.0 mn in the comparable period last year. 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USD 550 mn of the total is in projects related to infrastructure and select buildings work in Egypt, while\u2026","rel":"","context":"In "Speed Round"","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":621353,"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\/","url_meta":{"origin":637678,"position":1},"title":"OC adds USD 520 mn in new awards to its 3Q2018 backlog, with 60% coming from Egypt","author":"enterpriseam admin","date":"6 November 2018","format":false,"excerpt":"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\u2026","rel":"","context":"In "Speed Round"","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":629156,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/23\/oc-jv-signs-notice-to-proceed-with-usd-320-mn-wastewater-plant-in-abu-rawash\/","url_meta":{"origin":637678,"position":2},"title":"OC JV signs notice to proceed with USD 320 mn wastewater plant in Abu Rawash","author":"enterpriseam admin","date":"23 May 2018","format":false,"excerpt":"OC JV signs notice to proceed with USD 320 mn wastewater plant in Abu Rawash: Orascom Construction\u2019s joint venture with FCC Aqualia signed a notice to proceed with the construction of the USD 320 mn wastewater treatment plant in Abu Rawash, the company said in a press release on Tuesday\u2026","rel":"","context":"In "Speed Round"","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":642941,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/27\/earnings-watch-orascom-construction-2\/","url_meta":{"origin":637678,"position":3},"title":"Earnings watch: Orascom Construction","author":"enterpriseam admin","date":"27 August 2017","format":false,"excerpt":"EARNINGS WATCH- Orascom Construction Limited (OC) reported net income attributable to shareholders in 2Q2017 of USD 23.7 mn, down from USD 26.4 mn in the same period last year. Revenues came in at USD 947.2 mn in 2Q2017 against USD 1.024 bn in the same period last year. Revenue was\u2026","rel":"","context":"In "Speed Round"","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":626099,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/30\/oc-reports-strong-2q2018-earnings-natgasoline-gets-provisional-acceptance\/","url_meta":{"origin":637678,"position":4},"title":"OC reports strong 2Q2018 earnings, Natgasoline gets provisional acceptance","author":"enterpriseam admin","date":"30 August 2018","format":false,"excerpt":"EARNINGS WATCH- Orascom Construction (OC) reported net income attributable to shareholders in 2Q2018 (pdf) of USD 50.6 mn, up 113.5% y-o-y from USD 23.7 mn in the comparable period last year. Revenues came in 20.8% lower y-o-y at USD 750.1 mn compared to USD 947.2 mn in 2Q2017, which is\u2026","rel":"","context":"In "Speed Round"","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":602477,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/28\/earnings-watch-orascom-construction-reports-2018-results\/","url_meta":{"origin":637678,"position":5},"title":"Earnings watch: Orascom Construction reports 2018 results","author":"enterpriseam admin","date":"28 March 2019","format":false,"excerpt":"EARNINGS WATCH- Orascom Construction (OC) reported net income attributable to shareholders in 4Q2018 of USD 33.1 mn, up 635.6% y-o-y from USD 4.4 mn in the comparable period last year. Full-year net income came in at USD 144.7 mn in 2018, up 84.3% y-o-y from USD 78.5 mn in 2017.\u2026","rel":"","context":"In "Speed Round"","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/637678","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=637678"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/637678\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/637666"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=637678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=637678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=637678"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=637678"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=637678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}