Cairo - Mubasher: Orascom Construction Limited reported an increase of 17.3% in net profits to $75.4 million for the first nine months of 2016.
The company's revenues stood at $2.959 billion, while EBITDA reached $139.3 million for the nine - month period ended September 2016.
As for the third quarter of 2016, the company posted revenues of $962.1 million, and EBITDA, net profits of $40.2 million and $26 million respectively.
The company noted that, BESIX continued its steady new order intake, adding EUR 1.8 billion in 9M 2016 to bring total backlog to EUR 3.3 billion.
Net income contribution from BESIX increased to $15.5 million in Q3 2016 and $25.0 million in 9M 2016.
