Spain's Abertis 9-month core profit drops 6 percent, misses forecast
MADRID Oct 28 (Reuters) - Spain's toll road operator Abertis posted on Wednesday a 6 percent drop in 9-month core profit, hit by a lower activity and currency effects in Brazil which offset a solid traffic growth in Spain, France and Chile.
Earnings before interest, tax, depreciation, and amortisation (EBITDA) for the first nine months of the year came at 2.129 billion euros ($2.35 billion), below analysts' expectations of 2.177 billion euros.
Net profit on the period was 1.797 billion euros, up 226 percent thanks to one-off gains obtained from the partial listing of Abertis' phone towers unit Cellnex earlier this year. ($1 = 0.9055 euros) (Reporting by Julien Toyer; Editing by Paul Day)
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