Brazil’s Biggest Builder Boosts Sales Even With Top Boss in Jail

Odebrecht Engenharia e Construcao SA, Brazil’s biggest builder, posted revenue growth the same year the top manager of its controlling group was jailed as part of a corruption probe.

The builder’s net revenue rose 23 percent to $17 billion in 2015, compared to $13.8 billion a year earlier, according to a copy of its financial results obtained by Bloomberg on Friday. The company finished the year with a cash position of $2.5 billion, and $1 billion in net debt. The company’s $750 million in perpetual senior unsecured bonds were up 6.1 cents this week, to 40 cents on the dollar.

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