Spanish contractor, which is considering a bid for airport operator BAA, sees net profit fall from £360m in 2004 to £283m in 2005.
Ferrovial, the Spanish contractor considering a bid for airport operator BAA, has experienced a 2% drop in profits for 2005 compared with the previous year.
The company, which owns contractor Amey, saw its net profit fall from £360m in 2004 to £283m in 2005. However, total revenue rose 24% to £6.12 bn over the same period.
Ferrovial put the decrease down to exceptional gains in 2004, when the company divested of its water businesses. It said that excluding one-off profits its net profit would have expanded by around 32 % from 2004 to 2005.
Ferrovial's revenue was boosted by strong growth outside of Spain, including winning a £400m contract to rebuild schools in Bradford under the Building Schools for the Future programme.
