|Day's Range||3.08 - 3.18|
|52 Week Range||2.16 - 8.96|
|PE Ratio (TTM)||9.87|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
Grana y Montero , Peru's biggest construction conglomerate, posted a profit of 79.1 million soles ($24.40 million) in the first quarter due to the sale of real estate assets, the company said on Friday. The company had owned a 20 percent stake in Brazilian builder Odebrecht's $5 billion natural gas pipeline contract, which Peru's government canceled in January amid a graft scandal.
Reconstruction efforts in Peru after severe flooding that killed more than 100 people warrant a wider fiscal deficit target, though the country is not planning to access debt markets to finance the deficit, the finance minister said on Saturday. Reconstruction efforts will cost about $3 billion over three years and begin in the second half of 2017, Minister Alfredo Thorne said in Asuncion, the Paraguayan capital, where he was attending an Inter-American Development Bank governors' meeting. The meetings were being held after protesters stormed and set fire to Paraguay's Congress late on Friday following a secret vote in the Senate for a constitutional amendment that would allow President Horacio Cartes to run for re-election.
Public prosecutors in Peru have not ruled out investigating the country's biggest builder, Grana y Montero , or people linked to the company as part of an investigation into its scandal-plagued Brazilian partner Odebrecht, a source in the attorney general's office said on Tuesday. The Justice Department said late on Monday that prosecutors in the attorney general's office had rejected its request to include Grana's former chairman, among others, in an inquiry that aims to uncover who was involved in $29 million in bribes that Odebrecht has acknowledged distributing in Peru. Grana's shares were up by more than 10 percent on Tuesday after the announcement, which helped lift expectations that the company might avoid getting ensnared in Latin America's biggest graft scandal and may even find work helping to rebuild parts of Peru hit hard by recent floods and mudslides.