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| Cintra increases EBITDA by 27.8% in 2006  Cintra, the Ferrovial subsidiary that specialises in bidding for and managing toll roads and car parks, increased EBITDA by 27.8% in 2006 to 593 million euro, bringing the EBITDA margin to 67%. In 2006, 76.8% of EBITDA came from projects in other countries, especially Canada and the US. EBIT increased by 22.4% to 359.8 million euro and net income totalled 155.6 million euro, up from 33.8 million euro in 2005. Revenues amounted to 884.7 million euro, i.e. 27.1% more than in 2005. Foreign revenues increased by 68.4% to 605 million euro and accounted for 68% of the total. Revenues in Spain increased notably to 279.7 million euro.Growth in the company's main operating and financial line-items was due to positive traffic performance on all toll roads, the entry into operation of projects that were under construction, and the addition of other new projects. write your comments about the article :: © 2007 Construction News :: home page |