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.
Published under Cement News