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Abertis Infraestructuras Q3 profit climbs 53.7% YOY

Abertis Infraestructuras SA said its normalized net income for the third quarter came to €279.5 million, a rise of 53.7% from €181.9 million in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin climbed to 17.6% from 12.6% in the year-earlier period.

Total revenue grew 10.2% on an annual basis to €1.58 billion from €1.44 billion, and total operating expenses grew 11.0% year over year to €952.9 million from €858.8 million.

Reported net income grew 53.7% on an annual basis to €319.4 million, or 35 cents per share, from €207.8 million.