Portuguese contractor Mota-Engil mentioned yesterday that its pre-tax revenue for the primary half of the yr rose 12% to €396m and its consolidated group revenue rose 65% to €49m.
The corporate’s income to July rose 7% to €2.7bn. The primary driver of this progress has been Latin America, the place income elevated 12% to €1.5bn.
Final month, the corporate signed a deal to construct a $1.2bn fertiliser plant in Veracruz, Mexico, for nationwide oil firm Pemex.
In Europe, gross sales elevated 2% to €297m, and in Africa they fell 3% to €659m.
This can be a change within the firm’s geographical focus. Previously, its essential focus outdoors Portugal was sub-Saharan Africa, significantly in former Portuguese colonies like Angola, the place it’s rehabilitating the Luanda railway.
It additionally dealt with main initiatives elsewhere, corresponding to Tanzania’s normal gauge railway and a motorway in Lagos.
The newest outcomes proceed quite a few years of double-digit earnings progress, together with a 60% year-on-year leap in 2022, and a 53% rise in 2023.
This sample could proceed, as the corporate’s order guide hit a report €13.7bn.
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Additional studying:
- Mota-Engil begins 2024 with $1bn of initiatives in Angola and Mexico
The submit Mota-Engil revenue up 65% on sturdy Latin American efficiency appeared first on International Building Evaluate.
