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Swedish Skanska Fir says 4Q profit rose 48 percent
Saudi Press Agency Published in Saudi Press Agency on 07 - 02 - 2008

Swedish construction company Skanska AB on Thursday said net profit for the fourth quarter rose 48 percent, partly due to improved margins in practically all markets.
The company said fourth-quarter profit increased to 1.24
billion kronor (US$193 million, ¤131 million) from 836
million kronor in the same period a year ago. Earnings for
the full year totaled 4.1 billion kronor (US$637 million
¤434 million), up from 3.64 billion kronor in 2006.
Margins in the construction business increased in
practically all markets, Skanska said.
Revenue for the fourth quarter rose to 38.4 billion kronor
(US$5.97 billion, ¤4.07 billion) from 34.8 billion kronor
in the same period 2006, the Associated President reported.
Skanska earlier Thursday said it has decided to appoint
Johan Karlstrom as new president and chief executive
officer as of April 3.

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