Orascom Construction

Orascom Construction records profits of $53.4M in 6 months

Sun, 29 Aug 2021 - 03:31 GMT

As per standalone results, the company recorded losses of $13.11 million during January/June period of 2021, compared to losses of $6.69 billion in the same period of prior year.

Orascom Construction consortium signs MOU to build Egypt’s 1st high-speed rail system

Sun, 17 Jan 2021 - 11:28 GMT

The agreement encompasses a rail system with a network of 1000km. The first high-speed line will stretch across 460km and has an order value of around $3 billion.

Orascom Construction records profits of $67.2M in 6 months

Tue, 27 Aug 2019 - 01:55 GMT

As per standalone results, the company turned into profitability of $3.16 million during January/June period of 2019, compared to loss of $1.4 billion in the same period of prior year.

Orascom Construction records 40% increase in new awards in Q2

Mon, 08 Jul 2019 - 12:36 GMT

The total new awards during the first half of the current year reached $1.4 billion, recording a 42 percent increase on an annual basis.

Orascom Construction records profit of $154.7M in 2018

Wed, 27 Mar 2019 - 01:59 GMT

As per standalone results, the company recorded loss of $36.3 million, compared to loss of $9.5 million during the previous year.

Orascom Construction marks profits of $119.3M in 9 months of 2018

Thu, 29 Nov 2018 - 01:46 GMT

As per standalone results during the nine months, Orascom turned into profitability at $202.3 million, compared to a loss of $14.9 million during the same months of the prior year.

Abraaj Group sells its stake in Orascom Construction for $51.9M

Thu, 14 Jun 2018 - 01:15 GMT

Orascom added in a filing to the Egyptian Exchange that Abraaj’s stake was 5.4 percent in the company, amounting to about 6.26 million shares.

Consortium seeks to expand wind power generation project: Ministry

Thu, 12 Apr 2018 - 03:06 GMT

The project had been aimed to generate wind power at a capacity of 500 MW, but now seeks to add another 500 MW, the source added.

Orascom Construction’s profit jump to $85.1M in 2017

Thu, 12 Apr 2018 - 10:31 GMT

In standalone financial indicators, Orascom Construction’s loss decreased to $9.5 million, compared to a loss of $29.2 million in 2016.

Orascom Construction Consortium wins $180M contract

Mon, 19 Mar 2018 - 11:15 GMT

Orascom's stake in the project has reached 60 percent, according to the statement.

BT100 honors Orascom Construction for leading performance on EGX

Tue, 20 Feb 2018 - 07:47 GMT

Leading global engineering and construction holding Orascom, was honored by “Business Today” magazine Monday night, February 29.

Orascom adds $650M to backlog in Q4 2017

Mon, 05 Feb 2018 - 09:09 GMT

Orascom Construction Limited announced that it added $650 million worth of new awards to its backlog during Q4 of 2017, according to a press release on Monday.

Orascom-Engie-Toyota seal financial closure for 250MW wind farm

Mon, 18 Dec 2017 - 12:26 GMT

Total investment in Orascom’s Engie-Toyota Tsushois estimated at $400 million.

Sisi approves loans for 250MW wind farm

Thu, 12 Oct 2017 - 09:43 GMT

The wind farm is developed by a consortium of Egypt’s Orascom Construction, France’s GD France, and Japan’s Toyota.

Egypt took lion share of Orascom’s projects in Q3 2017

Wed, 04 Oct 2017 - 01:13 GMT

Orascom Construction achieved 21 percent hike in consolidated profits to record $58.8 million in the first half 2017.

Orascom Construction posts $2B revenues in H1

Thu, 24 Aug 2017 - 12:21 GMT

Earnings before interest, tax, depreciation and amortization (EBITDA) rose 12.1 percent to reach $111 million in the first six months of 2017.

Orascom Construction sets up largest student housing in U.S.

Tue, 22 Aug 2017 - 12:01 GMT

Orascom Construction Limited’s subsidiary, the Weitz Company, has completed the largest student housing development in College Station, Texas on 2.2 million square feet.

4 stocks excluded, 4 firms joined EGX30 in periodical review

Wed, 26 Jul 2017 - 09:02 GMT

the benchmark index EGX30 saw the exclusion of four firms and the addition of another four in the periodical review.

4 stocks likely to be excluded from EGX30 on new criteria

Wed, 19 Jul 2017 - 08:18 GMT

Pharos holding concluded that four companies will be excluded after EGX reviewed the stocks listed on EGX30 on the period from February to August on a certain criteria.