Work in Mozambique helps increase profits for Portuguese construction group

2 December 2014

The work performed in the Nacala Corridor, Mozambique, helped Portugal’s Mota-Engil group end the first nine months of the year with a profit of 50 million euros, a year-on-year rise of 31.2 percent, according to information issued by the group.

In a statement, the group reported that activity in Africa (47 percent of total production) increased by 19 percent to a record of 840 million euros in the first nine months, driven by works like the Nacala Corridor, where it built a 145.1-kilometre railway.

In Europe, by contrast, the company’s turnover fell 11 percent to 649 million euros, of a total 1.789 billion euros, or +7.6% year on year.

The order book performed well once again, reaching 4.4 billion euros (76 percent outside Europe), which compares with 3.8 billion euros at the end of June and 3.4 billion euros at the end of 2013.

Mota-Engil “managed in the last quarter to increase its order book to record values,” said the statement from the contractor, who warned the figure did not include work in Cameroon and Congo (2.6 billion euros).

Latin America accounted for 21 percent of the group’s business, with a turnover to September of 375 million euros (24 percent more than 2013).

In November, the group delivered the second bridge over the Zambezi River in Tete, which is 715 metres long and was built in partnership with Portuguese companies Soares da Costa and Opway.

This work cost 105 million euros and, along with the bridge, viaduct and access roads, included reconstruction of 260 kilometres of roads linking Tete to the borders with Malawi and Zimbabwe. (macauhub/MZ/PT)