OHL reports lower profit

Thursday, November 13, 2014

Spanish construction group OHL reported net income of 87.5mn euros (US$109mn) in the first nine months of 2014, decreasing 41% from a year earlier.

Sales fell 1.8% to 2.55bn euros, with Central and South America accounting for 26.7% of the income.

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Ebitda grew 8.2% driven by the concession business, which surged 15% mainly on the contribution of Mexico, the company said in its earnings release.