India, May 12 -- Hochtief AG (HOCFF.PK), a German construction firm, reported Monday higher profit in its first quarter with a one-time gain as well as strong growth in revenues.
On the XETRA in Germany, HOCHTIEF shares were gaining around 2.4 percent to trade at 160.50 euros.
In the first quarter, nominal net profit surged 131.8 percent to 307.8 million euros from last year's 132.8 million euros. Earnings per share were 4.09 euros, up from 1.77 euros a year ago.
The latest results included a 146 million euros one-off non-cash gain from Flatiron transaction.
HOCHTIEF's operational net profit was 166.8 million euros or 2.22 euros per share, compared to 142.2 million euros or 1.89 euros per share in the prior year.
Group sales for the fi...