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| Boskalis posts strong first half year  Dredging and maritime infrastructure giant Royal Boskalis Westminster N.V. realized a net profit of € 102.7 million in the first half of 2009. In the first half of 2008 the company realized a net profit of € 110.0 million, excluding a non-recurring gain relating to the W.D. Fairway (€ 92.0 million). Revenue increased to € 989 million, with growth being achieved in the home markets and the offshore activities within the Dredging & Earthmoving segment as well as in the Maritime Infrastructure segment. Included in the earnings are Boskalis' share in Smit Internationale's first-half year result (€ 13.1 million) and a positive hedge result on the Port Rashid project (€ 7.2 million). The net order intake amounted to € 622 million in the first half of the year, bringing Boskalis' well-filled and broadly spread order book to € 3.0 billion.Full-year revenue in 2009 is expected to be comparable to the level achieved in 2008. The Board of Management expects the result in the second half of 2009 to be comparable to the result achieved in first half of the year. The level of investment will be around € 300 million in 2009. write your comments about the article :: © 2009 Construction News :: home page |