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| ACS Group’s net profit totals EUR 739 million From January to September 2011, Spanish construction giant ACS Group achieved a total turnover of EUR 18.209 billion, a 62.1% increase over the prior year. International sales accounted for EUR 11.819 billion, or 64.9% of the total, and rose 232.3% over the prior year. The gross operating profit (EBITDA) climbed 39.1% to EUR 1.532 billion with a sales margin of 8.4%. The earnings before income and taxes (EBIT) grew by 14.8% to reach EUR 957 million with a sales margin of 5.3%. The recurring net profit, i.e., the profit from continuous activities, excluding any extraordinary results and capital gains from asset sell-offs, increased 6.6% to EUR 738 million. The net profit totalled EUR 739 million, 34.7% less than the prior fiscal year due to capital gains brought in last year, in particular the gains from the sale of 15.5% of Abertis in September 2010. The capital gains from the sale of the 20 La Boga and Península wind parks and the Vespucio Norte and Túnel de San Cristóbal motorways in Chile, both of which were approved in the third quarter of 2011 but are still pending authorization, have not been factored into the results as of September 2011. The total works portfolio at the end of September 2011 amounted to EUR 62.223 million, with particularly strong growth at 319.8% in the international portfolio, which currently accounts for 79.4% of the total. write your comments about the article :: © 2011 Construction News :: home page |