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REFILE-Orascom Construction Q1 net income $23 mln vs $5.8 mln year earlier
May 26, 2016 / 6:21 AM / a year ago

REFILE-Orascom Construction Q1 net income $23 mln vs $5.8 mln year earlier

(Refiles with correct RIC)

CAIRO, May 26 (Reuters) - Orascom Construction posted a net profit of $23 million in the first quarter of 2016, up significantly from $5.8 million a year ago.

The group said it signed new contracts amounting to $510 million in Egypt, Algeria and the United States in the first quarter. It reported EBITDA of $48.8 million in the first quarter. (Reporting by Lin Noueihed and Ehab Farouk)

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