- MADRID: Spanish oil engineering company Tecnicas Reunidas reported net profit fell by 13.5 percent in the first half of the year due to a falling US dollar and higher tax payments.
Net profit was 66 mln euros against 76 mln a year earlier. Earnings before interest, taxes, depreciation and amortization (EBITDA) rose to 83 million from 81 million.
At the end of June, Tecnicas’ order book or backlog stood at 4.491 billion euros, compared to 6.23 billion in June 2010.
