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Thu, 31.08.2023
Home ENERGYOrascom Construction profit up threefold on divestments and boost from Besix

Orascom Construction profit up threefold on divestments and boost from Besix

by Press Room


Orascom Construction said its net income jumped threefold annually in the second quarter of the year, mainly due to an improved performance by contractor Besix — in which it has a 50 per cent share — as well as the divestment of two subsidiaries.

Net profit attributable to shareholders for the three-month period to the end of June rose to $62.6 million, the Egyptian-headquartered company, whose shares are listed on Nasdaq Dubai, said on…



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