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| Bouygues' net profit grew 42% in the first nine months of 2006 The French construction and telecom group Bouygues said on Thursday its sales rose by 9% and operating profit by 10% in the first nine months of 2006. Net profit climbed 42%. Bouygues Construction posted a 12% increase in sales and maintained a high level of profitability in the first nine months of 2006, with a current operating margin of 4.3%. Net profit rose by 35% to 178 million euros. Bouygues Immobilier turned in a very strong performance. Operating margin (10.2%) continued to grow and net profit came to 69 million euros (up 17%). The sales target for full-year 2006 was revised to 1.6 billion euros due to postponements in the delivery schedule. Colas continued to report profitable growth. Sales rose by 12%, operating margin totalled 4.9% and net profit increased by 25% to 293 million euros. Bouygues' different businesses will hire 35,000 new employees, including 20,000 in France, in the 2006-2007 period. On the basis of Group business indicators at end-September, the sales target for full-year 2006 can again be raised to 26.16 billion euros, from 25.95 billion euros announced on 6 September 2006. write your comments about the article :: © 2006 Construction News :: home page |