Half Year 2019 Orascom Construction PLC Earnings Call Transcript
Good afternoon, ladies and gentlemen, and thank you all for standing by. Welcome to today's Orascom Construction H1 2019 Results Conference Call. (Operator Instructions) I must advise also that this call is being recorded today, Tuesday, the 27th of August 2019. And without any further delay, I would now like to hand over the call to your speaker today, Osama Bishai. Thank you. Please go ahead.
Good afternoon and good morning, ladies and gentlemen. Thank you for joining us on today's results call. Just to go straight to the point, we believe we had a very good quarter, Q2 2019, and it reflects actually our steady progress on focusing on performance and obtaining quality work and controlling our costs and focusing on project controls.
We have achieved almost $1.5 billion for the revenue for the first half of this year, and we have improved our EBITDA by a little bit more than 25%. And actually, we have converted our position from -- to become positive cash -- net cash from Q1 to
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