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| FCC obtains net profit of 200 million euro in 9M 2010 Spanish builder FCC obtained net profit of 200.2 million euro in the first nine months of the year, on par with the same period of 2009 (201.9 million euro), and in line with company objectives. Despite the decline in activity in the Infrastructure and Cement areas, FCC's backlog expanded by 6.4% in the first nine months of the year, to 36,756 million euro. Activity outside Spain improved by 17.2% with respect to December 2009. Both Construction and Services registered double-digit growth, in line with the medium-term goal of increasing revenues from outside Spain to over 60% of the total (from 45.4% at the end of September 2010). Revenues in the Construction division amounted to 4,788 million euro, i.e. an 8.7% decline with respect to September 2009. However, the division noted a significant improvement in its railway project backlog. In the first nine months of the year, FCC Construction obtaned railway contracts worldwide totalling over 1,700 million euro. write your comments about the article :: © 2010 Construction News :: home page |