Graña y Montero Announces Consolidated Results for 4Q2017
01 Février 2018 - 6:32AM
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
fourth quarter (“4Q2017”) period ended December 31, 2017. These
results have been prepared in accordance with International
Financial Reporting Standards (“IFRS”) and are stated in nominal
Peruvian Soles (S/.).
Financial Highlights:
- The Group achieved Revenues of S/
6,279.8 MM during 2017, a 3.2% decrease compared to 2016
- Gross Profit amounted to S/ 716.4 MM in
2017, increasing 16.5% compared to 2016
- Adjusted EBITDA was S/ 661.9 MM in
2017, 22.4% higher than the result obtained in 2016
- A Net Loss of S / 132.8 MM was
registered in 2017, 12.8% higher than in 2016, mainly explained by
the deterioration of the investment in Gasoducto Sur Peruano (GSP)
and the adjustment in the fair value of the Account Receivable from
GSP
- Backlog amounted to US$ 2,388.4 MM as
of 2017 and the recurrent businesses amounted to US$ 585.1 MM,
reaching a total of US$ 2,973.5 MM, equivalent to 1.58x the annual
revenues
For a full version of Graña y Montero’s 4Q2017 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/20180131006488/en/
Graña y Montero S.A.A.Samantha Ratcliffe, 511-213-6573Head of
Investor
Relationssamantha.ratcliffe@gym.com.perelacion.inversionistas@gym.com.pehttp://investorrelations.granaymontero.com.pe/
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