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Ferrovial Q2 profit climbs 126.3% YOY

Ferrovial SA said its second-quarter normalized net income amounted to €73.3 million, an increase of 126.3% from €32.4 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 2.3% from 1.2% in the year-earlier period.

Total revenue increased 21.4% year over year to €3.17 billion from €2.61 billion, and total operating expenses climbed 23.1% on an annual basis to €3.03 billion from €2.46 billion.

Reported net income grew 425.0% year over year to €168.0 million, or 23 cents per share, from €32.0 million.