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| Grupo ACS 2010 net profit up 10% Spanish builder Grupo ACS said its turnover in 2010 reached 15,380 million euros, which matched last year's figure. International sales represented 31.8% of the total, translating as a 23.1% increase. Gross operating profit rose by 5.3% to 1,505 million euros, with a profit margin of 9.8%, a rise of 50 basis points. Net profit reached 1,313 million euros - 32.6% less than in the same period of 2009, due to this period including extraordinary profit originating by the sale of 35.3% of Union Fenosa, 1,001 million euros, whilst capital gains of 384 million euros from the sale of 15.5% of Abertis was also included into 2010 figures. Listed investee companies Abertis, Hochtief and Iberdrola contributed net profit amounting to 159 million euros. Ordinary profit from continuing operations, i.e. excluding contributions from discontinued operations, was 923 million euros, which was 10.3% up on the previous year. Ordinary earnings per share rose by 14.6%. The total works order book at the end of 2010 stood at 28,777 million euros, 0.7% more than two months ago and with a growth of 22.7% in the international order book, which now amounts to 42.4% of the total Grupo ACS order book. write your comments about the article :: © 2011 Construction News :: home page |