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FCC: Net profits up by 19.3% during the first half

29/08/2001

FCC: Net profits up by 19.3% during the first half

The net turnover of Fomento de Construcciones y Contratas, S.A. (FCC) during the first half of this year was 403,562 million pesetas (2,425.46 million euros), an increase of 18.2 compared to the same period last year.

Of this amount, 56,522 million pesetas (339.70 million euros) came from international business, with an increase of 27%, or 347,040 million pesetas (2,085.75 million euros) from the domestic market.

TURNOVER BY ACTIVITY (in millions of pesetas)
June-01 % Sales June-00 % Sales %Change
Construction 190.786 46,7 161.410 46,5 18,2
Public Services 138.851 33,9 119.174 34,3 16,5
Cement 62.376 15,3 52.647 15,2 18,5
Grucycsa 16.776 4,1 14.070 4,1 19,2
Intragroup (5.227) (1,3) (5.821) (1,7) (10,2)
Total 403.562 100 341.480 100 18,2

The before-tax profits were 40,671 million pesetas (244.4 million euros), an increase of 16.4% compared to the same period last year.

The net profits, after discounting taxes and profits pertaining to minority undertakings, were 20,296 million pesetas (121.98 million euros), an increase of 19.3%.

As of June 30th of this year, the service and construction projects pending execution by all of the companies of the FCC Group amounted to 2.292 billion pesetas (13,777 million euros), a 20.8% increase compared to the same date last year.

The Group's investments during the same period amounted to 31,566 million pesetas (189.72 million euros), an increase of 23.8%.

As of the same date, the companies of the Group had 51,661 employees.