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| Astaldi reports profit of Euro 10.2 mln Italian construction company Astaldi posted a net profit of Euro 10.2 million for the first quarter of 2008, increasing by 16.7% in comparison period of previous year. Also the order backlog increased, exceeding Euro 8.5 billion. Contract revenues for the period scored Euro 318.7 million (Euro 251.6 million as at March 31, 2007), thus growing by +26.7% on an annual basis. Consequently, total revenues similarly increased by +26.4%, thus reaching Euro 334.1 million at the end of the first quarterly period of 2008 (Euro 264.3 million as at March 31 of the previous year). EBITDA increased by +22.6% on an annual basis, totalling Euro 37.1 million (Euro 30.3 million at the end of the first quarter of 2007), with an EBITDA margin of 11.1%. The EBIT increase showed to be more definite (+35.8%), thus reaching Euro 27.7 million at the end of the quarterly period (Euro 20.4 million as at March 31 of the previous year). write your comments about the article :: © 2008 Construction News :: home page |