Cairo – Mubasher: Orascom Construction Plc, listed on the Egyptian Exchange (EGX) and Nasdaq Dubai, on Wednesday reported an 82% year-on-year surge in consolidated profit for 2018.

The international engineering and construction contractor has logged $154.7 million in net profits during the full-year ended 31 December 2018, versus $85.1 million in 2017, Orascom said in a filing to the EGX.

Revenue narrowed down to $3.01 billion last year from $3.67 million a year earlier.

At the level of standalone business, Orascom achieved $36.3 million in profits in 2018, versus $9.5 million in 2017.

In the same vein, the company’s board of directors has proposed a cash dividend distribution of $35 million or $0.30 per share for FY18.

Orascom Construction previously posted a net consolidated profit of $32.3 million during the third quarter of 2018, versus $23.5 million in the three-month period ended September 2017.