YIT Q4 pretax up 31 pct on healthy construction mkt |
|
|
|
Published
:
Fri, 09 Feb 2007 08:05
|
HELSINKI (AFX) - Finnish group YIT saw pretax profit jump 31 pct year-on-year to 80.1 mln eur in the fourth quarter, fuelled by strong growth in the Nordic and Russian construction market.Quarterly sales climbed 6 pct to 908.1 mln eur, with the company's order backlog swelling to a record high 2.802 bln eur at the end of December -- up 49 pct from a year earlier.YIT's CEO Hannu Leinonen said he expects sales and earnings to grow this year thanks to the strength of its order book and amid a 'favourable' outlook for all its markets.'Construction and demand for building system services will, on the whole, continue to be brisk in our entire business territory,' Leinonen said.The company proposed a full-year dividend of 0.65 eur, up from 0.55 eur the paid for 2005.james.etheridge@afxnews.comje/jfrCOPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
|
|
|
|
Print this Story
Japan's Canon 2006 net profit 455.32 bln yen vs 384.1 bln yen 