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| ACS 1Q net profits rise by 118% In the first three months of 2009, Spanish infrastructure and construction major, ACS Group made a net profit of 1.3064 billion euros, 118.1% more than in the same period in 2008. Net profits after tax, with deductions for the sale of the remaining 35.3% holding in Unión Fenosa, increased by 11.2% to reach 301 million euros. In this period, the turnover of the ACS Group reached 4.080 billion euros, which represents an increase of 1.6%. International sales in the first three months of 2009 represent 21% of the total, i.e. an increase of 15.8% over international sales in the first quarter of 2008. The gross operating profit (EBITDA) increased by 4.9% to reach 383 million euros, with a sales margin of 9.4%. Listed companies, i.e., Abertis, Hochtief, and Iberdrola, contributed 52 million euros to the net profit of the ACS Group in the first quarter of the year. As of 31 March 2009, the order book stood at 34.920 billion euros, i.e., 2.6% more than in the first quarter of 2008. write your comments about the article :: © 2009 Construction News :: home page |