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| Hochtief's Consolidated Net Profit for 2005 Up By More Than Half Hochtief, the world's third largest construction services provider, closed fiscal 2005 with healthy results: consolidated net profit increased by a substantial 52.4 percent to EUR 62.8 million (versus EUR 41.2 million in 2004). New orders rose during 2005 to EUR 15.60 billion (EUR 15.59 billion in 2004), once again beating expectations. The order backlog grew in parallel by 12.7 percent to a new record of EUR 21.10 billion. Hochtief has thus set new records for five years in succession. Orders on hand represent just under a year and a half's worth of forward orders, an unusually high level for the construction industry. Work done increased by 13.3 percent in 2005 to EUR 14.85 billion (up from EUR 13.11 billion in 2004). Sales likewise grew strongly to EUR 13.65 billion, a rise of 14.3 percent on the prior year. write your comments about the article :: © 2006 Construction News :: home page |