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| ACS Group sees 3Q net profit grow by 34.8% Spanish builder ACS said its net profit amounted to 1,705 million euros in the first nine months of 2008, 35% higher than in the same period of 2007, as a result of the good performance of all its business activities. Net ordinary profit amounted to 892 million euros, a 21% increase with respect to the previous year. The extraordinary profit arising from the sales of the airport company DCA, the ownership interests in Autopista Central and Rutas del Pacífico in Chile, and 10% of Unión Fenosa, amounted to 813 million euros. ACS Group's revenue rose by 6.1% to 12,380 million euros in this quarter. Sales abroad increased by 41% to 2,518 million euros and accounted for 20.3% of total turnover. EBITDA rose by 10.3% to 1,134 million euros, with a 9.2% sales margin. Additionally, EBIT increased by 9.2% to 871 million euros, accounting for a margin of 11.6%. ACS Group's total construction and project order book for the third quarter of 2008 amounted to 32,801 million euros, 9.1% higher than at the end of September 2007. write your comments about the article :: © 2008 Construction News :: home page |