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Abertis Infraestructuras Q1 profit climbs 9.6% YOY

Abertis Infraestructuras SA said its normalized net income for the first quarter was €113.8 million, a gain of 9.6% from €103.8 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 increased to 9.8% from 9.5% in the year-earlier period.

Total revenue grew 6.2% on an annual basis to €1.16 billion from €1.09 billion, and total operating expenses grew 5.2% year over year to €750.0 million from €713.0 million.

Reported net income came to €130.0 million, compared with €124.0 million in the prior-year period.