Acciona Stock ~ Down ~Steepest Drop in more than six months

Spanish Stocks: Acciona ~ Point Shares Move - BusinessWeek

Bloomberg

Nov. 16 2010,

Acciona SA (ANA SM) fell 6.6 percent to 55.15 euros, the stock’s steepest drop in more than six months and the IBEX 35 Index’s worst performance today. The Spanish construction company said its nine-month net income dropped 3.3 percent to 101 million euros ($137 million). Separately, Acciona was cut to “neutral” from “outperform” at Exane BNP Paribas.
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NOVEMBER 15, 2010, 12:07 P.M.

WSJ
By Juan Montes, EFE Dow Jones;

on line
MADRID (Dow Jones)--Acciona SA (ANA.MC), the Spanish construction and renewable energy company, said Monday net profit dropped 92% in the nine months to September 30, on lower asset sales following the sale of its stake in Spanish power utility Endesa SA (ELE.MC) last year.

MAIN FACTS:

-Net profit for the first nine months of the year EUR101 million vs EUR1.23 billion.

-Results in 2009 were boosted by a gain of EUR1.13 billion linked to its Endesa stake sale to Italy's Enel SpA (ENEL.MI).

-Earnings before interest, taxes, amortization and depreciation, or Ebitda, EUR813 million vs EUR695 million.

-Net debt as of Sept. 30 EUR8.10 billion.