ACS profit up 6 pct smooth running outside business – Investing.com Spain

MADRID (Reuters) – ACS (MC managed to increase its profit to March by 6.0 percent thanks to the sale of a package of shares of Iberdrola (MC and the conduct of its business abroad, which provide longer 80 percent of its sales.

in a press release, ACS said it earned 220 million euros in the first three months of the year compared to 207 million in the same period of 2015.

Meanwhile, EBITDA (EBITDA) fell 9.5 percent to 597 million euros from the sale of renewable energy assets in the same period of 2015 and by lower activity of its subsidiary CIMIC.

the March group sales were down 7.6 percent percent to 7.922 million for the completion of large projects in Australia gas and the devaluation of currencies in Australia and Mexico.

ACS has increased its geographical diversification in recent years, before the halt in construction in Spain. In the first quarter, the weight of income in their country of origin was 17.9 percent.

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