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| Eiffage reports a 64% fall in first-half net profit French construction and concession firm Eiffage said sales recorded by the Group declined by 0.2% year-to-year to €6.5bn, down 6% at comparable consolidation scope. Net profit in the first half fell to €50m from €140m. Operating profit on ordinary activities declined by 9.6% to €423m, reflecting the effect of the more difficult economic conditions on the Group's activities, notably Construction, which saw its margin fall back from 2.7% to 2.3%. Eiffage has revised downwards its 2009 sales guidance to €13.4bn from the €13.7bn, noting the impact of the economic slowdown on its clients in the industrial sector and difficult conditions in Spain and Central Europe. write your comments about the article :: © 2009 Construction News :: home page |