{"id":642941,"date":"2017-08-27T03:51:46","date_gmt":"2017-08-27T03:51:46","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/27\/earnings-watch-orascom-construction-2\/"},"modified":"2017-08-27T03:51:46","modified_gmt":"2017-08-27T03:51:46","slug":"earnings-watch-orascom-construction-2","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/27\/earnings-watch-orascom-construction-2\/","title":{"rendered":"Earnings watch: Orascom Construction"},"content":{"rendered":"<p><strong>EARNINGS WATCH<\/strong>- Orascom Construction Limited (OC) <a href=\"http:\/\/www.orascom.com\/media\/cms_page_media\/47\/H1%202017%20Results%20Press%20Release_iI9yXwL.pdf\">reported net income attributable to shareholders<\/a> 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 up slightly YTD at USD 2.0 bn, with attributable net income climbing nearly 5% to USD 51.7 mn. The company\u2019s backlog as of 30 June 2017 was impacted by approximately 20% due to the EGP float. Infrastructure and industrial work continue to account for the majority of the consolidated backlog, representing 86% of total, the company said. OC added a total of USD 500 mn of new awards during 1H2017, including a USD 100 mn contract to build a 650 MW steam turbine power plant in Assiut\u2019s Walidiya in July. \u201cThe contract brings total capacity under construction to 11,000 MW and positions the Group for more power opportunities in Egypt and the region,\u201d reads the company\u2019s release.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 up slightly YTD at USD [&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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-642941","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"bf60e588-a13c-47d8-abd3-574e2487b600","order":"0","is_powered_by":true,"section_story_id":"42686a2f-90d4-42b6-87fa-8075d095abd7","story_type":"1","photo_url":"","photo_position":"above","related_issue":[642925],"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>Earnings watch: Orascom Construction - 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\/08\/27\/earnings-watch-orascom-construction-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Earnings watch: Orascom Construction\" \/>\n<meta property=\"og:description\" content=\"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. 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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 &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":602477,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/28\/earnings-watch-orascom-construction-reports-2018-results\/","url_meta":{"origin":642941,"position":1},"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 &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":637678,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/22\/oc-reports-3q2017-results\/","url_meta":{"origin":642941,"position":2},"title":"OC reports 3Q2017 results","author":"enterpriseam admin","date":"22 November 2017","format":false,"excerpt":"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\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":544849,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/23\/orascom-construction-net-income-up-29-in-2021\/","url_meta":{"origin":642941,"position":3},"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":630180,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/15\/earnings-watch-orascom-construction\/","url_meta":{"origin":642941,"position":4},"title":"Earnings watch: Orascom Construction","author":"enterpriseam admin","date":"15 April 2018","format":false,"excerpt":"EARNINGS WATCH- Orascom Construction (OC) reported net income attributable to shareholders increasing by 61.2% y-o-y of USD 78.5 mn in 2017. The figure, excluding a one-off non-cash tax effect, shows a 112.5% y-o-y increase to USD 103.5 mn. OC\u2019s revenues dropped 8.8% to register USD 3.68 bn.","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":642941,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/642941","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=642941"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/642941\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/642925"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=642941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=642941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=642941"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=642941"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=642941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}