OC 1Q16: Healthy quarter on execution and margin, but awards were slow
Revenue – USD973mn, +13.4% Y-o-Y, +12.8% Q-o-Q; +1.9% vs. EFGe EBITDA margin – 5.0%, 1Q15: 4.4%, 4Q15: -54%; EFGe: 5.0% Net profit – USD23.0mn, 1Q15: USD5.8mn, 4Q15: USD412mn in net loss; EFGe: USD16.2mn Orascom Construction
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