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Ferrovial Q2 profit falls YOY

Ferrovial SA said its normalized net income for the second quarter came to €82.5 million, a fall of 5.7% from €87.5 million in the year-earlier period.

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

The normalized profit margin climbed to 5.3% from 3.9% in the year-earlier period.

Total revenue rose 16.8% on an annual basis to €2.59 billion from €2.22 billion, and total operating expenses climbed 15.0% from the prior-year period to €2.33 billion from €2.03 billion.

Reported net income totaled €149.0 million, compared with €103.0 million, or 14 cents per share, in the year-earlier period.