Graña y Montero Announces Consolidated Results for 2Q2017
25 Juli 2017 - 7:53AM
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 (“2Q2017”) period ended June 31, 2017. 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/.
2,847.3 MM during 2Q2017, a 1.7% increase compared to 2Q2016
- Gross Profit amounted to S/. 359.9 MM
in 2Q2017, increasing 17.4% compared to 2Q2016
- Adjusted EBITDA was S/. 554.6 MM in
2Q2017, 46.6% higher than the result obtained in 2Q2016
- Net Income reached S/. 148.7 MM in
2Q2017, higher by 41.7% with respect to 2Q2016
- Backlog amounted to US$ 2,601.9 MM as
of 2Q2017 and the recurrent businesses amounted to US$ 595.5 MM,
reaching a total of US$ 3,197.4 MM, equivalent to 1.63x the annual
revenues
For a full version of Graña y Montero’s 2Q2017 Earnings Release
please visit: http://investorrelations.granaymontero.com.pe/
About Graña y Montero S.A.A.
Graña y Montero is the largest and most important Engineering
and Infrastructure Company in Peru. It has 24 companies which
operate in 5 countries in Latin America and has more than 28,000
employees. The Graña y Montero Group has always solved the needs of
its clients beyond business in order to create wellbeing for
society. It has been listed on the Lima Stock Exchange since 1997
and on the New York Stock Exchange since 2013.
To find out more, please visit www.granaymontero.com.pe.
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version on businesswire.com: http://www.businesswire.com/news/home/20170724006357/en/
Graña y Montero S.A.A.Belén Masson, 511-213-6565, Ext.
6453Investor Relations
Assistantbelen.masson@gym.com.perelacion.inversionistas@gym.com.pehttp://investorrelations.granaymontero.com.pe/
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