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Spain's Ferrovial reports profit plunge of 43 percent in 2012

AFP
February 21, 2013, 12:04 am TWN

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MADRID--Spanish construction group Ferrovial, owner of London's Heathrow airport, said Tuesday its net profits plunged 43 percent in 2012 after major one-off gains the previous year.

“The 42.9-percent decline in net profit is attributable to the extraordinary gains obtained in 2011,” which totaled just over 1 billion euros, it said in a statement. The company recorded a net profit of 709.7 million euros (US$950 million) for 2012, down from a total 1.243 billion euros in 2011.

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