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| Astaldi’s board of directors approves the half-yearly report The Board of Directors of Astaldi S.p.A., chaired by Ernesto Monti, has approved Astaldi Group's half-yearly report at June 30, 2006 which closed with a net profit of €17.5 million, in line with the last year's result for the same period. Total revenues for the period amounted to over €510 million, down by 2.2% on the €521 million recorded in the same period of 2005, mainly due to the delayed commencement of works on the "Jonica" National Road. The commencement of production activities for this project was put on hold for a few months following delays by the client regarding the approval of the executive designs conditioning the start-up of works. Contract revenues totalled approximately €482 million (€483 million in the first six months of 2005), of which 40% was generated in Italy and 60% by foreign activities (Americas 27.8%, Europe and Turkey 22.8%, Africa 8.7% and Saudi Arabia and Qatar 0.6%). EBIT stood at €39.3 million, slightly up on the €38.9 million for the same period of last year (+1.0%). The Group's net profit totalled €17.5 million (€17.1 million in 2005), with the net margin rising from 3.3% at June 30, 2005 to 3.4%. New contracts worth over €2 billion were acquired during the first six months of 2006 which brings the total value of the Group's orders backlog to over €7.1 billion (showing an annual increase of 28.1%), of which over €5.4 billion refers to the construction sector and approximately €1.7 billion to the concessions sector. write your comments about the article :: © 2006 Construction News :: home page |