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| Ferrovial's net profit grow by 43.5% in 2005 Ferrovial ended 2005 with considerable growth in all its business areas; it increased diversification into recurring businesses (Services and Infrastructure) and expanded internationally in a year characterised by investments (1, 664.6 million euro) and sizeable cash flow from operations (1, 150.5 million euro) while maintaining its investment capacity intact, with leverage at 9%. As a result, Ferrovial obtained 415.8 million euro in net profit in 2005, 21.3% lower than in 2004, when profit included the extraordinary gains from the Cintra IPO. Excluding this effect, net profit grow 43.5%. Strong growth in construction revenues, which rose 22.4% to 4, 387.3 million euro, was due mainly to the intense pace of production in Spain and rapid growth in other countries, where construction activity expanded 49.5% to account for 29% of total division revenues. This performance was due to execution of projects in Ireland, Portugal and Chile, to 37.8% revenue growth at Polish subsidiary Budimex, and to first-time consolidation of the Texan Webber group from 15 September 2005. write your comments about the article :: © 2006 Construction News :: home page |