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Graña y Montero Announces Consolidated Results for 2Q2016

LIMA, Peru--(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...