Current report no 42 / 2012

Current report no 42 / 2012 - 25 July 2012 / 00:00

Selected financial data of the Budimex Group for the first half of 2012

Due to the submission of financial information to Grupo Ferrovial S.A., an entity dominant over Budimex S.A., the Management Board of Budimex S.A. publishes selected financial data from the consolidated financial statement of the Budimex Group prepared in accordance with the International Financial Reporting Standards (IFRS) for the first half of 2012 and comparable data for the first half of 2011.
Net revenues from the sale of products, goods and materials: PLN 2,883,765 thousand as compared to PLN 2,248,888 thousand in the first half of 2011.
Operating profit: PLN 101,440 thousand as compared to PLN 145,422 thousand in the first half of 2011.
Gross profit: PLN 103,587 thousand as compared to PLN 148,159 thousand in the first half of 2011.
Net profit: PLN 67,087 thousand as compared to PLN 119,790 thousand in the first half of 2011.
Furthermore, the Management Board of Budimex SA reports that the order portfolio of Budimex Group as at 30 June 2012 was PLN 6.9 billion.
In the first half of 2012 Budimex Nieruchomości Sp. z o.o. (the real property development segment) presold 210 flats (bookings not included) and sold 243 premises by notarial deed .
The net value of construction contracts signed by Budimex SA in the first half of 2012 was PLN 921 million.
The net cash position of the Budimex Group, covering financial funds and short-term securities, less the external sources of financing, as at 30 June 2012 was PLN 306 million. The net cash position of the Budimex Group as at 30 June 2011 was PLN 645 million.
The enclosed table includes results of the reportable segments for the first half of 2012 and comparable data for the first half of 2011.