May 14, 2014 / 6:44 AM / 4 years ago

Spain's OHL Q1 core profit up 12 percent on concessions

MADRID, May 14 (Reuters) - Spanish builder OHL reported on Wednesday a 12 percent rise in first-quarter core profit from a year ago, driven by strength in its concessions business which helped offset continued declines in construction.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) reached 280 million euros ($383.78 million) in the first quarter to March, it said. ($1 = 0.7296 Euros) (Reporting by Tracy Rucinski, Editing by Sarah White)

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