22 May, 2016 @ 13:55
1 min read

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

toll road profits

toll road profitsPROFITS 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.

Laurence Dollimore

Laurence Dollimore is a Spanish-speaking, NCTJ-trained journalist with almost a decade’s worth of experience.
The London native has a BA in International Relations from the University of Leeds and and an MA in the same subject from Queen Mary University London.
He earned his gold star diploma in multimedia journalism at the prestigious News Associates in London in 2016, before immediately joining the Olive Press at their offices on the Costa del Sol.
After a five-year stint, Laurence returned to the UK to work as a senior reporter at the Mail Online, where he remained for two years before coming back to the Olive Press as Digital Editor in 2023.
He continues to work for the biggest newspapers in the UK, who hire him to investigate and report on stories in Spain.
These include the Daily Mail, Telegraph, Mail Online, Mail on Sunday and The Sun and Sun Online.
He has broken world exclusives on everything from the Madeleine McCann case to the anti-tourism movement in Tenerife.

GOT A STORY? Contact newsdesk@theolivepress.es or call +34 951 273 575 Twitter: @olivepress

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