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Orascom Construction incurs $334 m net loss in 2016

Orascom Construction incurs $334 m net loss in 2016

Dubai: Orascom Construction Limited (ORAS) announced its financial results for the fiscal year 2015.

The company reported $ 334.4 million loss as of 31 December 2015.

Moreover, it posted revenues of $ 3.882 billion in 2015.

Orascom said in a statement that it expects to return to profitability in the first quarter of 2016.

Source: Reuters & Arab Finance editor

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