Hochtief’s 2007 Profits Swell 60% To $220 Million
Germany’s Hochtief AG posted a net profit of EUR140 million (US$220.2 million) in 2007, up 58% year over year. That profit growth was fueled by Hochtief’s acquisition of Budapest Airport from BAA parent Ferrovial for US$2.4 billion (DAILY, May 14). The company also won several public-private airport...
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