ACS Posts H1 Loss

Actividades de Construccion y Servicios SA swung to a loss in the first half of the year.

ACS posted a loss of 1.23 billion euros ($1.54 billion), versus a year-ago net profit of EUR604 million.

Its revenue climbed to EUR18.83 billion, versus EUR9.47 billion. Its earnings before interest, taxes, depreciation and amortization (EBITDA) climbed 76% to EUR1.58 billion.

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