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ACS posts 8% rise in first-half net profit, revenues beat forecast
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ACS posts 8% rise in first-half net profit, revenues beat forecast
Jul 30, 2024 5:21 AM

MADRID, July 30 (Reuters) - Spanish builder ACS

on Tuesday posted a smaller-than-expected 8% rise in first-half

net profit as it continues to expand its construction services

into energy, digital, hi-tech projects and toll roads in North

America and Europe.

The company booked a net income of 416 million euros ($450

million) for the first six months of 2024, slightly missing the

average of analysts' expectations of 429 million euros,

according to an LSEG poll, even as revenues beat expectations.

Some 62% of the group's 18.7 billion euros in total sales in

the period, up 10% from a year ago, came from the North American

operations. Revenues beat analysts' forecasts of 16.6 billion

euros.

($1 = 0.9237 euros)

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