|
contents | business | |||||||||
| FCC first-half profit up 6.7%  Spain-based Fomento de Construcciones y Contratas, FCC, attained 100.9 million euro in net profit in the first half of 2011, a 6.7% increase over the same period of 2010. This result was underpinned by solid performance in the Environmental Services area (municipal and industrial waste management, street cleaning, park and garden maintenance, and end-to-end water management), where EBITDA increased by 11.8%. The group continues to expand its international activities, which provided 2.713 billion euro in revenues, almost 50% of the total. The international backlog also performed well, having expanded by 12.5%; as a result, the group's total backlog amounts to 37.034 billion euro, equivalent to over three years' billings.Baldomero Falcones, Chairman and CEO of FCC: "These first-half results reflect our major efforts to improve efficiency in all areas of the group. This initiative is essential not only to enable us to defend market share in countries where we are the main operator, but also to make us more competitive as we internationalise". Revenues amounted to 5.480 billion euro in the first half, 4.1% less than in the same period of 2010. This was the result of steady growth in environmental services (2%) and international construction (10.3%), combined with a decline in the infrastructure business in Spain. The Energy division experienced a seasonal downturn in revenues due to lower wind levels. write your comments about the article :: © 2011 Construction News :: home page |