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| ACS Group records 2008 net profit Spanish construction firm ACS in 2008 recorded a total net profit of €1,805 million, 16.4% more than in 2007 despite the difficult macroeconomic environment. Net earnings from operations during the year totalled €1, 127 million, for an 11.6% gain over the previous year. Total turnover on the group level reached €16,010 million for the year, representing a 4.3% increase over the previous year and. International sales, accounting for 21.7% of the total, rose 39% to €3, 467 million. Gross operating profit (EBITDA) grew by 7.2%, reaching €1,480 million for a return on sales of 9.2%. Net operating profit (EBIT) increased by 3.8% to €1,097 million, for a margin of 6.9%. Total backlog of works and projects pending execution at 31 December 2008 stood at €34,106 million, representing a 5.5% increase over the close in 2007. write your comments about the article :: © 2009 Construction News :: home page |