Porr positive after revenues increase

Austrian company Porr has recorded an 11.1% increase in its revenues for the first six months of 2016 to €1.63 billion.

The company also recorded a profit increase of 50.2% to €16.3 million, while its order book increased 13.5% to €5.48 billion.

Karl-Heinz Strauss, CEO of Porr, said, “We have stayed true to our strategy of intelligent growth with a focus on the home markets with a strong credit standing.

“In parallel, the significantly improved cost structure and our consistent process optimisation has led to significant growth in earnings. This performance and our current order situation is a positive sign for the full year and, with our well-filled order books, we are already very well equipped today for the coming years.”

The company said it was positive about its full year results, as every home market achieved “a strong increase in output” which was “complimented by the satisfactory development in Qatar”