Grupo Graña y Montero reduced its debt by 21%
2019年2月2日 - 4:52PM
ビジネスワイヤ(英語)
The year 2018 was formally closed, in which the
company prioritized financial strengthening focusing on the
development and consolidation of the business for 2019
Grupo Graña y Montero reported financial statements for the
Fourth Quarter of 2018 in which it was possible to reduce the total
debt of the company by US$ 174 million (-21%) to US$ D 654.67
million, thanks to the successful execution of the debt reduction
plan.
Regarding revenues, the Company reached a total of US$ 1,243
million, which represents a decrease of 2% against the result of
the previous year. The difference in sales is mainly explained by
the decrease in revenues in the Engineering and Construction area
(-16%) and to a lesser extent in the Real Estate area (-3%).
This figure, in line with accumulated Backlog plus Recurring
Business of US$ 2,105 million, represents almost two years of
sales, due to the new contracts awarded in 2018 as the mining
projects from Quellaveco (Peru), Minera Escondida (Chile) and Mina
Justa (Peru) and does not include recently announcement of Quebrada
Blanca Phase 2 Project.
Finally, regarding the results of December 2018, the Company
reported a loss of US$ 21.9 million, due to the provision included
by the potential civil compensation in favor of the Peruvian State
by the two Group companies that have been incorporated as civilly
responsible third parties, according to the terms of Law No. 30737
and its Regulations, approved by DS No. 096-2018-EF.
For the Chief Executive Officer of the Group, Luis Díaz Olivero,
the company will begin 2019 with a greater focus on the development
of its three business units: "The important financial strengthening
process undertaken during 2018 and which we hope to conclude at the
end of the first quarter of the year 2019, allows us to be prepared
for the great challenges that our clients will demand for us this
year," he said.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190201005532/en/
Paola Pastor, +51 951 211 549
Grana y Montero SAA (NYSE:GRAM)
過去 株価チャート
から 11 2024 まで 12 2024
Grana y Montero SAA (NYSE:GRAM)
過去 株価チャート
から 12 2023 まで 12 2024