Q1 2022 Orascom Construction PLC Earnings Call Transcript
Good morning, ladies and gentlemen. Thank you for standing by, and welcome to today's Orascom Construction First Quarter 2022 Results Conference Call. (Operator Instructions)
I would now like to hand the conference over to your speaker today, Mr. Osama Bishai, the CEO.
Thank you. Good morning. Good afternoon. I'd like to welcome everybody for the Q1 results call. I'll just make a little bit of an introduction and indicate some highlights, and then I will leave the floor to Reham Beltagy, our CFO, to share with you the numbers, and then we'll open the floor for the Q&A.
For Q1, we had a revenue of $980 million with a consolidated EBITDA of slightly more than $50 million for this quarter. Our net profit from operations was $24.1 million. Our net cash position went down compared to 31st of December to around $37 million.
It's also important to highlight that our current backlog at 31st of March is $5.5 billion. Two important facts here. We have added $618
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