Arab Finance: Orascom Construction has reported a consolidated backlog of $8 billion as of September 30th, 2024, as per an emailed financial statement to Arab Finance.

Pro froma backlog, including a 50% share in BESIX, amounted to $12.5 billion in the first nine months of 2024.

As for consolidated new awards, they stood at $2.6 billion in the January-September period of the year.  

The company’s revenue for the first nine months of 2024 reached $2.319 billion, with an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $119.4 million and an adjusted net income attributable to shareholders of $86.3 million.

Meanwhile, the standalone backlog was €8.1 billion and new awards hit €5.5 billion

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