Graña y Montero Announces Consolidated Results for 2Q2016
26 Juli 2016 - 7:00AM
Business Wire
Graña y Montero S.A.A. (NYSE:GRAM) (BVL:GRAMONC1) (“the Company”
or “Graña y Montero”), a leading Engineering and Construction
company, announced its consolidated results for the second quarter
(“2Q2016”) period ended June 30, 2016. These results have been
prepared in accordance with International Financial Reporting
Standards (“IFRS”) and are stated in nominal Peruvian Nuevos Soles
(S/.).
Financial Highlights:
- The Group achieved Revenues of S/.
2,799.0 MM during 2Q2016, a 25.6% decrease compared to 2Q2015
- Gross Profit amounted to S/. 306.6 MM
in 2Q2016, decreasing 12.9% compared to 2Q2015
- EBITDA was S/. 372.5 MM in 2Q2016,
higher by 6.2% than the result obtained in 2Q2015
- Net Income registered an increase of
162.2%, reaching S/. 104.9 MM in 2Q2016
- Backlog amounted to US$ 4,155.1 MM as
of 2Q2016 and the recurrent businesses amounted to US$ 492.8 MM,
reaching a total of US$ 4,648.0 MM, equivalent to 2.37x the annual
revenues
For a full version of Graña y Montero’s 2Q2016 Earnings Release
please visit: http://investorrelations.granaymontero.com.pe/
Graña y Montero S.A.A.
Founded in 1933, Graña y Montero is the only Peruvian
engineering and construction company listed on the Lima Stock
Exchange since 1997 and in the NYSE since 2013. The Company has
participated in the development of major engineering and
construction projects in Peru, including large-scale, complex
projects in the energy, mining, construction and real estate
sectors.
With 83 years of operations, the Company has leveraged its
engineering and construction expertise into complementary lines of
business, such as the development, ownership, operation and
maintenance of infrastructure assets, real estate developments, and
the provision of technical services. The Company has significant
investments in infrastructure concessions.
The Company has also executed several projects outside Perú, and
has acquired three companies in Chile: DSD Construcciones y
Montajes, an engineering and construction company specialized in
providing services to the energy, oil and gas, cellulose and mining
sector in Latin America; Vial y Vives, a construction company
specialized in the mining sector, and CAM, which is specialized in
electric services, with operations in Chile, Peru and Colombia. It
recently acquired a company in Colombia: Morelco S.A. a recognized
Colombian company specialized in electromechanical assemblies,
civil works, and services for the oil and gas and energy
industry.
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version on businesswire.com: http://www.businesswire.com/news/home/20160725006404/en/
Graña y Montero S.A.A.Investor Relations:Samantha Ratcliffe,
511-213-6573samantha.ratcliffe@gym.com.perelacion.inversionistas@gym.com.pe
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