News Column

Hill International\ s total Q1 revenues hit $150mn

May 12, 2014

ArabianBusiness.com Staff



Hill International's total revenue for the first quarter of 2014 was a record $150mn, an increase of 10.2% from the first quarter of 2013, it revealed.

Consulting fee revenue for the first quarter of 2014 was a record $137.2mn, an increase of 12% from last year's first quarter.

EBITDA  for the first quarter of 2014 was $8.2mn, a 14% decrease from the first quarter of 2013. Operating profit for the first quarter was $6mn, an 18.9% decline from last year's first quarter. 

The company's total backlog at 31 March, 2014 was $978mn compared to $1.027bn at 31 December, 2013. Twelve-month backlog at 31 March, 2014 was a record $400mn compared to $394mn at 31 December, 2013.

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"Our strong growth has continued into 2014, with Hill having achieved record consulting fees in the first quarter," said Irvin E. Richter, Hill's chairman and chief executive officer.

"Our top priority, however, continues to be the lowering of our interest expense so that more of our operating profit can drop to the bottom line, and we expect significant progress on this effort in the near future." 

 


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Source: Construction Week (United Arab Emirates)


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