Vinci, the French infrastructure company, has announced a positive financial performance for the first half of the year. The company reported a net profit of 2.09 billion euros ($2.30 billion), surpassing last year's figure of EUR1.90 billion. Total sales also saw a significant increase, rising by 14% to reach EUR32.73 billion.

Strong Growth Across All Business Segments

Vinci attributed its success to growth across all three of its core businesses. The company received EUR31.2 billion in new orders during the period, and its orderbook grew by 9% to reach EUR61.5 billion by the end of June.

Interim Dividend Announcement

In addition to their strong financial performance, Vinci's board has approved an interim dividend of EUR1.05 per share, which will be paid in November.

Positive Cash Flow Reversal

Vinci's positive momentum is further highlighted by a significant improvement in cash flow. The company managed to achieve positive cash flow of EUR261 million in the first half, a notable turnaround from the prior-year cash outflow of EUR281 million.

This positive financial performance reaffirms Vinci's confidence in achieving its 2023 guidance.

Eni's Profits Plunge

Carvana Co.'s Stock: A Second Chance for Success?

Leave A Reply

Your email address will not be published. Required fields are marked *

Related posts

Drone Attack on Oil Facility in Eastern Syria
News

Drone Attack on Oil Facility in Eastern Syria

Syrian opposition activists report a drone attack on an oil facility in eastern Syria near a U.S. base. Possible Iran in...

Pan Pacific International Holdings Raises Fiscal-Year Earnings Forecasts
News

Pan Pacific International Holdings Raises Fiscal-Year Earnings Forecasts

Pan Pacific International Holdings announces upward revision of earnings forecasts, attributing the increase to rebound...

Cryptocurrency Market Update
News

Cryptocurrency Market Update

Get insights into the cryptocurrency market with top gainers like Uniswap and Dogecoin, losers like Ripple, and company...

LPL Financial Expands Team in Atlanta
News

LPL Financial Expands Team in Atlanta

LPL Financial has recruited a three-advisor team to its unit, Linsco, adding significant assets and expertise. Explore t...