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| French road builder's revenue rose 12.3% in 2006 Colas S.A. has reported a consolidated revenue of 10.7 billion euros for 2006, against 9.5 billion euros in 2005. Group share of net profit amounted to 396 million euros (307 million euros in 2005), a 29% increase that reflects sharp growth in business activity and satisfactory performance throughout the 1,400 business units worldwide thanks to buoyant markets and favorable weather. Net profit for parent company Colas SA totaled 232.5 million euros, compared to 209.1 million euros in 2005. A net dividend of 6.40 euros per share - a 33% increase compared to the dividend distributed last year - will be paid out as of 27 April 2007 to shareholders in cash or in shares. Colas said that it has appointed two new members to its board: Thierry Genestar, Managing Director Colas France in charge of Colas road subsidiaries, Somaro and Seco-Rail; Hervé Le Bouc, Chairman of the Board of the Novasaur Group. Alain Dupont recalled to the shareholders his decision to step down in October 2007, after 20 years at the head of the Colas Group. Hervé Le Bouc shall be called upon to be his successor. Colas' business has got off to a satisfactory start in the first quarter. Work-on-hand at the end of March 2007 amounted to 6.28 billion euros, an 11% increase compared to the end of March 2006. Accordingly, the profile of business in 2007 appears to be similar to that of 2006. write your comments about the article :: © 2007 Construction News :: home page |