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| Ferrovial reports a 303% increase in 2007 first-quarter net profit  Ferrovial ended the first quarter of 2007 with growth in all line items, more diversification into recurring areas (services and infrastructure projects) and increased international exposure after integrating BAA, the world's largest private airport company, in July 2006. Net income amounted to 449.9 million euro in the first quarter of 2007, a 303.1% increase on 1Q06 basically as a result of the sale of the stake in Sydney airport. EBITDA increased by 121.1% to 630.9 million euro and EBIT rose by 79.1% to 349.6 million euro, boosted by consolidation of BAA.Net revenues totalled 3,407.4 million euro, a 46.6% increase due to: the addition of BAA (which contributed 845.1 million euro in revenues); organic growth in Construction (10.6%) and Services (8.9%), the addition of new toll roads (which contributed an additional 40.2 million euro in all); and growth in the number of parking spaces. write your comments about the article :: © 2007 Construction News :: home page |