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| ACS Group net profits up 73% in H1 Spanish constructor and services group ACS said turnover in the first half of 2009 was over 8.122 billion euros, an increase of 2.3%. International sales in this first half of 2009 accounted for 22.1% of the total, an increase of 15.7% on international sales in the first half of 2008. Gross operating income (EBITDA) rose by 2.2% to reach 736 million euros, with a mark-up of 9.1%. The affiliated listed companies: Abertis, Hochtief, and Iberdrola, contributed 69 million euros to the net profits of the ACS Group in the first half of the year. Net profit reached 1.5421 billion euros, about 72.8% more than for the same period in 2008. Extraordinary results rose to 1.001 billion euros for the sale of the 35.3% share in Unión Fenosa. Share profit rose by about 86% to reach €4.91. This rise is due to the results of the period, as well as share buy-back and successive amortisations of capital. All this enabled a reduction of about 7.1% in the average number of shares in circulation. Total portfolio of works at 30 June 2009 stood at 28.494 billion euros, almost the same as two months ago, and about 2.9% more than at the end of the financial year 2008. write your comments about the article :: © 2009 Construction News :: home page |