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| FCC reports first half net profit increased by 34% FCC obtained 3,963.7 million euro in revenues in the first half of 2006, a 19.8% increase on the same period of 2005. International revenues increased by 56.72% to account for 12% of the Group total, boosted by the recent acquisition of Austrian waste management company ASA and strong performance by the cement subsidiaries in the US. A large volume of new contracts boosted the works and services backlog to a record 23,185.3 million euro at 30 June, 23.4% more than at the same date in 2005. EBITDA increased by 28.5% to 583 million euro and the EBITDA margin was 14.7%, up from 13.7% in 1H05. Earnings attributed to the parent company amounted to 258.5 million euro, 33.9% more than in 1H05. write your comments about the article :: © 2006 Construction News :: home page |