Spanish toll road operator posts 6% profit increase thanks to economic recovery

PROFITS for Spanish toll road operator Abertis rose by 6% in its first quarter, thanks to an increase in traffic.

Economic recovery in Spain saw traffic volume up 11.4% in the first three months of 2016.

The company, which operates across Europe and Latin America, saw earnings of €714m in the same period, while net profit rose 205%, boosted by acquisitions in Chile and Spain.

It has now announced investments worth €2bn over the next two years.

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