This news article was originally written in Spanish. It has been automatically translated for your convenience. Reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace a human translator. The original article in Spanish can be viewed at Abengoa eleva su beneficio neto un 3,2 por ciento en el primer trimestre
Abengoa raises net profit by 3.2 percent in the first quarter
18/05/2004
on May 18, 2004
Abengoa earned a net profit attributable to parent company of 11.5 million euros in the first quarter, an increase of 3.2 per cent over the same period of the previous financial year.
Result before taxes, provisions, and amortization (Ebidta) amounted to EUR 46.8 million between January and March, which translates into an increase of 3.7 percent over the first quarter of 2003, while profit before tax (bai) stood at 15.6 million eurosa 12.7 per cent more. The net cash flow rose 1.5 per cent, to account for 33.3 million euros, representing 7.8 per cent of sales.
For business, the Ebidta in bioenergy has increased a 58.7 percent, in accounting for 7.3 million euros; in engineering and Industrial construction rose 7.9%, with 21.8 million; in information technology a 2.5 per cent, with 8.2 million euros. For its part, the environmental services recorded an Ebitda of EUR 9.5 million, 22.8 per cent less.
More information: www.abengoa.com
