Tecnicas Reunidas' Q1 net profit rises 35 pct
MADRID, May 13 (Reuters) - Spanish engineering firm Tecnicas Reunidas (TRE.MC: Quote, Profile, Research) said on Tuesday net profit in the first quarter rose 35 percent to 32 million euros ($49.5 million).
Revenue grew 32 percent to 580 million euros while EBITDA (earnings before interest, taxes, depreciation and amortisation) climbed 39 percent to 34 million.
In the first quarter, Tecnicas Reunidas won deals to work on refinery projects for Repsol in Spain and Hellenic Petroleum in Greece. It said its backlog was now 39 percent higher than a year ago at 4.6 billion euros.
At 0713 GMT, Tecnicas Reunidas shares were up 0.75 percent at 53.40 euros. (Reporting by Sarah Morris; editing by Sue Thomas)
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