Cybertom schreef op 30 juli 2015 19:53:
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By William Horobin
PARIS--Vinci SA (DG.FR) Thursday reported a decline in its first-half revenue on a prolonged weakness in France's construction market.
The construction and concession company also repeated its expectation of a "slight decline" in revenues this year.
Revenue in the first half fell to EUR17.88 billion from EUR18.46 billion in the same period last year. Revenue in France declined 7.7% to EUR10.6 billion.
Still, the company said its concessions business buoyed earnings as traffic grew more than expected on highways and at airports in the first half.
Excluding non-recurring items--in particular the sale of a majority share in parking operations in 2014--net profit rose 6.3% to EUR827 million, Vinci said. It expects 2015 net income on the same basis to be slightly higher than 2014.
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July 30, 2015 13:29 ET (17:29 GMT)
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