HOCHTIEF net profit up 50.3% in 2010

Germany's HOCHTIEF reports (23-Mar-2011) the following financial highlights in 2010:

• Profit before tax: EUR756.6 million, +26.8% year-on-year;
• Consolidated net profit: EUR288 million, +50.3%. [more]

HOCHTIEF: "Depending on the size and outcome of the sale of interests in HOCHTIEF Concessions, HOCHTIEF expects a pretax profit of around EUR1 billion and consolidated net profit of some EUR600 million for the current fiscal year," Source: Company statement, 23-Mar-2011.