Expansion: FCC profit falls 77% YoY in 9 months

Spanish construction and services group FCC received a net profit of €40.1m for January-September 2012, falling 77.5% on the year. Analysts polled by Reuters expected a €80m profit for the same period.

The weaker results came amid the contracted infrastructure business of FCC and lower cement demand in Spain. The group's sales abroad grew by 6.6% on the year to €4.689bn in the nine months to September 2012 but total sales went down by 3.7% to €8.227bn.