Spanish construction company Sacyr Vallehermoso posted net profits of EUR 203 mln in 1Q 2007, up 175% on the same period in 2006. EBITDA (earnings before interest, taxes, depreciation and amortization) rose by 25% to EUR 292 mln. Business activities represented 55% of Ebitda, the company said in a press release. Turnover increased by 28% to EUR 1.27 bn in the first quarter of 2007.
Portuguese real estate investor and developer Bondstone is investing around €70 mln in a residential development in Belas Clube de Campo, municipality of Sintra, Portugal.
