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| Hochtief Reports Profit Increase in Third Quarter 2005 Hochtief kept up its successful performance trend through the first nine months of 2005. Renewed profit increases underscore the Group’s capabilities and the lasting effectiveness of its strategy: Operating earnings showed an extraordinary improvement, surging forward by 65.2 percent to EUR 235.7 million (Q1-3 2004: EUR 142.7 million). The same holds for profit before taxes, which at EUR 206.1 million gained 62.7 percent on the prior-year figure (Q1-3 2004: EUR 126.7 million). At EUR 54.4 million, consolidated net profit was a significant 53.7 percent higher than a year earlier (Q1-3 2004: EUR 35.4 million). All divisions contributed to the positive earnings trend. Given the very solid business performance, Hochtief has reaffirmed its forecasts for the full year 2005. write your comments about the article :: © 2005 Construction News :: home page |