Colonial, FCC, Funespana, OHL, Sacyr: Iberia Equity Preview
The following companies may have unusual price changes in Spanish trading. Stock symbols are in parentheses and share prices are from the previous close.
Spain’s IBEX 35 rose 0.3 percent to 10,850.80.
Fomento de Construcciones y Contratas SA (FCC SM): The Spanish construction and engineering company said 2010 profit rose to 301.3 million euros, from 296 million euros a year earlier, on 12.1 billion euros of sales. Analysts had predicted profit of 301.6 million euros and sales of 12.17 billion euros, according to the average estimates compiled by Bloomberg.The stock rose 31 cents, or 1.4 percent, to 23.13 euros.
Funespana SA (FUN SM): The funeral company reported a full- year net loss of 1.72 million euros compared with net income of 2.46 million euros a year earlier. The shares were unchanged at 6.83 euros.
Inmobiliaria Colonial SA (COL SM): The real estate company said said its full-year loss widened to 739.3 million euros from 474 million euros a year earlier. The shares added less than one cent, or 1.3 percent, to 8 euro cents a share.
Obrascon Huarte Lain SA (OHL SM): The Spanish builder is scheduled to report full-year earnings and Chairman Juan-Miguel Villar Mir will speak to reporters in Madrid. The shares rose 1.2 percent to 24.09 euros.
Sol Melia SA (SOL SM): The hotelier said full-year net income rose to 50.1 million euros from 38.1 million euros a year ago. The shares gained 0.8 percent to 7.96 euros.
Sacyr Vallehermoso SA (SYV SM): The Spanish builder said full-year profit fell to 204.4 million euros from 518.5 million in 2009 as sales decreased to 4.82 billion euros from 5.83 billion. The shares rose 0.3 percent to 8.05 euros.
Viscofan SA (VIS SM): The sausage casings maker said full- year net income climbed 26 percent to 81.3 million euros from 64.3 million euros a year earlier. The company will hold a presentation for analysts and investors at 9.30 a.m. local time at Madrid’s stock exchange. The shares fell 2.2 percent to 25.72 euros.
Reyal Urbis SA (REY SM): The Spanish real estate company said its full-year loss widened to 379 million euros from 144.4 milion euros a year earlier. The shares gained 5.1 percent to 1.35 euros.