Mota-Engil Profit Rises 24 Percent on Africa Growth
Portugal construction firm Mota-Engil reported a 24 percent rise in first-half net profit to 74 million euros driven by growth in Africa and Latin America. Its global order book reached a record 17.7 billion euros supported by major projects.
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MOTA ENGIL SGPS SA posted a 24% increase in first-half net profit to €74M ($86.25M), driven by robust growth across Africa and Latin America. The Portugal-based builder's results outpaced regional headwinds in Europe, supported by margin expansion in emerging markets. Investors are weighing the firm's record order book against concentrated geographic exposure in developing economies.
