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| FCC net profit up 41.8% Spanish construction firm Fomento de Construcciones y Contratas, S.A. (FCC) Group obtained 6,368.1 million euro in revenues in the first nine months of 2006, a 24.4% increase on the same period of 2005. International revenues increased by 68.4% and now represent 13% of total Group revenues (9% in 2005). All of FCC's strategic areas registered over 20% revenue growth due to good business performance and the effect of investments under the Strategic Plan. EBITDA totalled 947.5 million euro, a 32.5% increase on the first nine months of 2005. As a result, the EBITDA margin increased to 14.9% (from 14%). The backlog of works and services at 30 September 2006 was a record 23,540 million euro, 23.7% more than at 30 September 2005. In the first nine months of 2006, the FCC Group companies invested 4,445 million euro, nine times the 9M05 figure. write your comments about the article :: © 2006 Construction News :: home page |