financials

Orascom records $5.4bn backlog, as net income hits $25m in Q1 2020
Q1 2020 revenue increased 17.3% to $827.6m, while EBITDA decreased 8.8% to $64.1m, and new
Galfar posts $52.3m net loss in 2019, as revenues plummet by 14.9%
Omani contractor said, the parent company's performance was impacted due to impairment of receivables &
2019 contract awards at Egypt's Orascom spikes 51.1% to $3.6bn
Backlog in 2019 jumped by 25.8% to $5.4bn, but net income attributable to shareholders dropped
Union Properties reports $61m loss in 2019, as revenues drop by 15.5%
Accumulated losses totalled $583.2m on account of correction of GFA and decline in the fair
2019 gross debt at Abu Dhabi's TAQA drops by $732.4m to $17.2bn
The reduction in debt has resulted in a decrease of cash interest paid in 2019
"Lower crude oil prices" push Saudi Aramco's 2019 net profit to $88.2bn
The net income was also affected by declining refining, chemical margins and impairment associated with
Majid Al Futtaim's 2019 revenues spike by 1% YoY to record $9.6bn
In 2019 the company pledged to phase out single-use plastic by 2025 and issued world's
"Non-cash items" adversely hit DAMAC's 2019 performance
EXCLUSIVE: Senior vice president, DAMAC Properties, Niall McLoughlin told CW total revenue grew 80% YoY

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Construction Week - Issue 765
Jun 29, 2020