Impregilo shares fly to Piazza Affari, gaining more than three points by mid-morning. The purchases arrive the day after the publication of the accounts. Yesterday, with markets closed, the general contractor announced the return to profit in the first half yearand, archived with 133 million profits, against the red of 28 million euros recorded in the same period of 2012.
Revenues were in line with those of the first half of last year (1.164 million against 1.112 in the same period of 2012), while Ebit stood at 99 million, against the negative result of 34 million in the first six months of the previous exercise. After the payment of the maxi dividend of 600 million euro and after the collection of the last tranche of 65% of Ecorodovias, the net financial position as at 30 June 2013 was 60 million against 567 at the end of 2012.
The group's portfolio is 20 billion (11,6 in construction) and new acquisitions have now reached 6,3 billion in the construction sector alone, double the year-end target.
