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Graña y Montero Announces Consolidated Results for 1Q2016

LIMA, Peru, Apr 29, 2016 (BUSINESS WIRE) -- Graña y Montero S.A.A. GRAM, -4.17% (bvl:GRAMONC1) (“the Company” or “Graña y Montero”) a leading Engineering and Construction company, announced its consolidated results for the first quarter (“1Q2016”) period ended March 31, 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/. 1,433.0 MM during 1Q2016, a 15.9% decrease compared to 1Q2015
  • Gross Profit amounted to S/. 143.4 MM in 1Q2016, decreasing 17.3% compared to 1Q2015
  • EBITDA was S/. 189.9 MM in 1Q2016, higher by 16.9% than the result obtained in 1Q2015
  • Net Income registered an increase of 303.1%, reaching S/. 70.9 MM in 1Q2016
  • Backlog amounted to US$ 4,033.8 MM as of...