Spanish group Ferrovial’s third-quarter profits jumped 79% year-on-year to $531.5m due to "good operating performance by all divisions and main assets", the company announced last week.
Double-digit growth in all divisions helped revenue grow 11%, to just shy of $8bn (€7.2bn), while the value of its order backlog reached $34.4bn (€31.28), 74% of which are international contracts, the infrastructure company revealed on 29 October.
International revenues increased by 16% to account for 72% of total revenues.
Ferrovial’s toll roads and airports enjoyed growth in traffic. Revenues from the North Tarrant Expressway in Texas totalled $36.6m, up 17% from the previous quarter, and earnings from Ontario’s 407 highway increased by 13.5%.
London’s Heathrow airport registered 2.3% growth in traffic, to 57 million passengers, which yielded a 4.3% increase in revenues to just over £2bn, the company said.
Ferrovial subsidiary, Cintra Infraestructuras, has recently been awarded contracts in Colombia and Australia.
