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| Acciona net leaps 343% in 1H/09 Spanish energy and construction firm Acciona closed the first half of 2009 with an attributable net profit of 1.198 billion euros, 343 per cent more than in the same period of 2008. This increase comes mainly as a result of the balance between income and expenses derived from the Endesa operation. Net profit excluding extraordinary items came to 68 million euros, a 45.5 per cent fall on the same period of last year. EBITDA amounted to 393 million euros, 18.2 per cent less than in the first half of 2008, mainly as a result of the decline in the energy pool price in the first half of 2009 and the slowdown in wind- and PV solar power. Tighter margins in infrastructure and the results of Acciona's real estate arm also played their part. Consolidated turnover shrank 11.7 per cent to 2.931 billion euros, mainly as a result of the performance of Acciona Energy and the lower activity of the real estate division. With regard to the contribution of divisions to total Group results, the main contributor to EBITDA was Acciona Energy (61 per cent), followed by Acciona Infrastructure (21.1 per cent) and Acciona Real Estate (6.2 per cent) and the Services and Other Business divisions (11.8 per cent). write your comments about the article :: © 2009 Construction News :: home page |