Brisa H1 net profit raises 26pc

LISBON: Portugal's main motorway operator Brisa on Friday posted a 26 percent rise in first-half net profit mostly on financial items such as lower depreciations.

Brisa which operates more than half of Portugal's paid highways, said net profit total 57.3 million euros ($81.84 million), coming in slightly below market expectations.

Operating revenues rose 2.2 percent to 323.7 million euros, while earnings before interest, taxes, depreciation and amortization (EBITDA) slipped 1.2 percent to 221.8 million euros.

Copyright Reuters, 2011