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| Astaldi Reports First Quarter Results The Board of Directors of the Italian construction company Astaldi S.p.A. examined and approved the consolidated results of Astaldi Group at March 31, 2006. The quarter closed with group net profit of €8.123 million, up by 4.7% on the same period of the previous year. Total revenues in the first quarter amounted to €241.4 million, showing a slight increase compared to approximately €239 million in the same period of 2005. EBIT (operating result) totalled approximately €18 million, showing a 14.2% increase compared to €15.7 million in the first quarter of 2005 and pushing up the operating margin from 6.6% to 7.4% of total revenues. New contracts acquired in the first quarter of 2006 totalled €1.2 billion. This figure brings the value of the Group's orders backlog at March 31, 2006 to over €6.5 billion, showing an annual growth rate of 17.5%, chiefly due to the new acquisitions in the transport infrastructure sector in Italy, Algeria and Central America. In the days following the close of the quarter, the Group was awarded additional contracts totalling over €430 million which bring the overall orders backlog to a value of approximately €7 billion. write your comments about the article :: © 2006 Construction News :: home page |