Grupo Graña y Montero reduced its debt by 21%

Grupo Graña y Montero reduced its debt by 21%

LIMA, Peru–(BUSINESS WIRE)–Grupo Graña y Montero reported financial statements for the Fourth Quarter of 2018 in which it was possible to reduce the total debt of the company by US$ 174 million (-21%) to US$ D 654.67 million, thanks to the successful execution of the debt reduction plan. Regarding revenues, the Company reached a total of US$ 1,243 million, which represents a decrease of 2% against the result of the previous year. The difference in sales is mainly explained by the decrease in