ACS Posts Rise In Quarterly Profit

Spanish company Actividades de Construccion y Servicios SA ACSAF reported a 1.3% y/y rise in its quarterly net profit. ACS posted its quarterly net profit at EUR207 million, up from EUR204 million, in the year-ago period. Its revenue in Spain dropped 17.8% y/y to EUR9.03 billion from EUR3.69 billion. Its earnings before interest, taxes depreciation and amortization (EBITDA) gained to EUR664 million from EUR383 million.