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Last Updated: Monday, 30 October 2006, 11:24 GMT
BAA buyer sees profits increase
Airport picture
BAA now makes up most of Ferrovial's infrastructure revenues
Profits at Spanish building group Ferrovial for the first nine months of 2006 have risen by a quarter.

The group, which acquired UK airports operator BAA in June, saw net profits rise to 333m euros ($424m; 224m) from 275mn euros a year earlier.

The airport firm contributed more than 1bn euros to Ferrovial's infrastructure revenues, some 60% of the total.

Ferrovial's core profit - excluding the costs of the group's BAA purchase - rose 86% to $1.64bn.

The construction firm's toll road concessions unit Cintra showed particularly strong core earnings, rising ahead of forecasts to 430.8m euros.

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