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Impregilo posts 99 mn net profit for 2013

Construction giant forecasts income of seven bn in 2017

20 March, 11:57
Impregilo posts 99 mn net profit for 2013 (ANSA) - Milan, March 20 - Italian construction giant Salini Impregilo posted net profits of 99 million euros in 2013, the company said Thursday.

This compared to net losses of 117 million euros in 2012 due to expected losses taken on a multi-billion dollar project to expand the Panama Canal.

Income last year stood at 3.9 billion euros, a company statement said.

This figure is expected to rise by 10% in the coming year and go up to seven billion euros in 2017 under the group's new industrial plan. The board of directors approved a dividend of 0.26 euros per savings share in light of the results.

Company shares rose 3% on the Milan stock exchange in early trading Thursday.