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| Net profit of Grupo ACS in third quarter of 2009 up 5% Spanish construction firm Grupo ACS said turnover in the nine months of 2009 amounted to 12,059 million euros, an increase of 2.0%. International sales accounted for 23.1% of the total, an increase of 14.3%. EBITDA rose by 3.4% to reach 1,091 million euros, with a margin on sales of 9.0%. The affiliated listed companies, Abertis, Hochtief, and Iberdrola, contributed with 63 million euros to the net profit of the Group in the first nine months of the year. Net profit reached 1,790 million euros, 5.0% more than for the same period in 2008. Extraordinary results rose to 1,002 million euros for the sale of the 35.3% share in Unión Fenosa. Earnings per share rose by 13.0% to reach 5.73 €. This rise is due to the results of the period, as well as share buy-back and successive cancellations of capital. Ordinary net profit from continuing operations, excluding the extraordinary results of the period and the contribution from the discontinued operations (Union Fenosa and Ports and Logistics) accounted for 688 million euros, 14.3% more than in the same period of last year. Total backlog as of 30th of September of 2009 stood at 29,026 million euros, 5.2% more than last year, thanks to the significant growth of international backlog (+16.9%), specially Construction. write your comments about the article :: © 2009 Construction News :: home page |