Técnicas Reunidas cuts profit by 89% due to Turkish lira depreciation

The Diplomat. 14/11/2018

 

Técnicas Reunidas obtained a net profit of 5.9 million euros in the first nine months of this year, which represents a reduction of 89% compared to the same period of 2017, according to the information provided by the company to the National Commission of the Stock Market (CNMV).

 

The Spanish engineering company attributed the reduction to the balance for exchange differences, which involved an expenditure of 19 million euros, mainly linked to the strong depreciation of the Turkish lira.

 

 

Luis Ayllon

Share
Published by
Luis Ayllon

Recent Posts

Sánchez announces Council of Ministers will recognize Palestine on May 28

The President of the Government, Pedro Sánchez, announced yesterday before the plenary session of the…

11 hours ago

Spanish companies show “concern” and ask for “institutional support” in Argentina

The Spanish Chamber of Commerce assured yesterday that it "respects" the diplomatic measures adopted by…

11 hours ago

Electoral debate of Canal Europa and the Association of European Journalists

On June 9, Spaniards are called to vote in the elections to the European Parliament.…

11 hours ago

International tourism reached 97% of pre-pandemic levels in the first quarter of 2024

International tourist arrivals reached 97% of pre-pandemic levels in the first quarter of 2024. According…

11 hours ago

The early elections in the United Kingdom could stop the negotiation on Gibraltar

The early elections in the United Kingdom announced for July 4 by the British Prime…

11 hours ago

Patxi López’s silence on questions about Milei surprises in Argentina

The silence of the spokesperson for the Socialist Parliamentary Group, Patxi López, to questions related…

11 hours ago