GyM reduces debt

GyM reduces debt

Debt Corporate & Sovereign Strategy Project & Infrastructure Finance Peru

Peru's Graña y Montero said it has lowered its liabilities by 21% to $655m at the end of last year as part of its debt reduction plan. The company also recorded a net loss of $21.9m, due in part to payments to the government from the Gasoducto Sur Peruano (GSP), a $7.3bn natural gas pipeline concession that the government cancelled in January 2017, GyM said in a statement. GyM had $1.24bn in revenues in the fourth quarter of 2018, a 2% drop on the same period in 2017, as revenues from engineer

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