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| BAM forecasts net profit in 2006 of approximately €130 million  Based in the Netherlands, European construction group Royal BAM recorded a net result of €68.5 million (2005: €111.1 million) over the first nine months of 2006. This result includes a loss in Germany of €110 million. The forecasted loss for 2006 of the German non-residential construction company Wayss & Freytag Schlüsselfertigbau has been raised to €115 million. Despite the favourable operating results from the other activities, BAM expects that it will be unable to achieve ist profit forecast for 2006 (approximately €180 million). BAM expects to record a net profit of approximately €130 million for the 2006 financial year.Turnover for the first nine months of 2006 was approximately €5.8 billion (2005: €5.3 billion). One reason for the increase is the financial consolidation as of 1 February of the participating interest in AM. Property developer AM operates independently and with its own identity at arm's length from BAM. write your comments about the article :: © 2006 Construction News :: home page |