ACS posts 16% rise in quarterly profit as US business grows

MADRID, May 14 (Reuters) – Spanish builder ACS on Tuesday posted a 16% rise in first-quarter net profit, as the company continues to benefit from its infrastructure contracts in North America and from toll-road businesses.

The company booked a net profit of 177 million euros ($191.11 million) between January and March.

($1 = 0.9262 euros) (Reporting by Corina Pons, editing by Emma Pinedo and Inti Landauro)

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