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FINANCIAL NEWS
US firm Hill to recover USD10 m of Libyan debt
12 Mar 2014
(MENAFN) US construction management firm Hill International has now recovered USD10 million of USD60 million invoice owed for work in conflict-ridden Libya, the company said as it announced its 2013 full-year result, Arabian Business reported.
The company logged a net profit of USD1.6 million for the year, with a total revenue of USD576.7 million, registering almost a 20 percent increase compared to 2012.
Hill president and chief operating officer said that the Middle East accounted for 44 percent of its payments in Q4, up 35 percent on Q4 2012.
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