OHL's H1 net income jumps 19% to US$113mn

- Thursday, July 28, 2011

OHL's H1 net income jumps 19% to US$113mn

Spanish construction firm OHL posted net income of 78.9mn euros (US$113mn) in the first half of this year, climbing 19.4% over 1H10.

Ebitda for the period grew by 21.1%, according to the company's 1H11 results release.

The increase was supported by solid growth in concessions, which saw sales rise 17.4% year-over-year and Ebitda up by 20.7%.

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Overall sales inched back 0.1% year-on-year to 2.31bn euros. Of total sales, 70.2% were outside of Spain. Of that sum, Brazil took 29.8%, Mexico 15.7% and the US 11%.

For OHL's full results release, in Spanish, go to this link