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Russian transport infrastructure construction specialist, Mostotrest, has posted a FY 2010 adjusted net profit of 4.4 billion roubles under IFRS. The adjusted net result is up 17.2% year on year, with EBITDA rising 10.4% year on year to 9 billion roubles, as FY 2010 revenues fell 5.2% to 74.9 billion roubles. The company noted that headline revenue was lower due to projects carried over into 2011, with bridge and road construction revenues up 15.4%, railways up 42.7% and airports up 113.5%, and highlighted 91.3 billion roubles worth of contracts it had gained. Read More
