FCC’s Q1 net profit rises 41 per cent, Spain

FCC’s Q1 net profit rises 41 per cent, Spain
Published: 12 May 2006

Spanish building and services group Fomento de Construcciones y Contratas (FCC) posted a 40.7 per cent rise in first-quarter net profit to EUR113.8m.

FCC said EBITDA rose 26.3 per cent to EUR248.2m on net turnover up 19.2 per cent at EUR1.82bn.

Spain’s third-biggest construction and services group makes just under half its revenue from construction and some 14 per cent from its US-based cement unit.

Last month FCC won a contract to build an extension to the Madrid metro system to reach a new terminal at the city’s Barajas airport.