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| FCC's net profit dips in first nine months Spanish construction and services group FCC said its net attributable profit in the third quarter of 2009 amounted to 106.36 million euro (compared with 33.1 million euro and 62.5 million euro in the first and second quarters, respectively). The total in 9M09, 201.9 million euro, reflects a 32% decline with respect to last year, although it does clearly demonstrate an upward trend. Profit in the third quarter of 2009 increased 11.5% with respect to the same period in 2008. FCC revenues in the first nine months of 2009 totalled 9,344.9 million euro, 8.6% less than in the same period last year, primarily due to a 13.2% decline in revenues in Spain resulting from the slowdown in construction and in cement consumption. The international business, which accounted for 44.2% of the group's total revenues, performed in line with the same period last year, falling just 2.0% as a result of the 11.9% depreciation of the pound sterling against the euro, which impacted the International Environmental area. International revenues would have remained stable at constant exchange rates. write your comments about the article :: © 2009 Construction News :: home page |