The Spanish construction firm Ferrovial has reported a 21% rise in net profit to £223m in the first nine months of 2006 after the acquisition of UK airports group BAA in June.
Earnings before interest, tax, depreciation and amortisation were £1.1bn, a rise of 86% from last year, while revenue increased 46% to £6.1bn.
Its construction division reported an 18% rise in revenue, to £2.5bn, after a good performance in Spain and Portugal, and the acquisition of Texan firm Webber. The infrastructure division turned in a 205% rise in profit to £1.2bn, mainly through the BAA acquisition, which accounted for 60% of its revenue.
Amey, the services arm, posted a 46% rise in revenue to £2bn.