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Vinci revenues rise by 17% for first half of 2011

Construction giant Vinci has revealed revenue is up 17% to €17.3bn (£15bn) the first six months of 2011 in latest update.

The firm announced that its concessions business is up 5.2% to £2.2bn and its contracting work has also risen by 19.9% to £13bn.

Vinci reported that its order book has rising to a record level of £26.4bn which includes the £3.7bn Tours-Bordeaux South Atlantic high speed rail line contract.

In France, Vinci reported revenues rising by 17.8% against the first half of 2010 to £9.8bn.

Outside France, Vinci reported revenues increasing by 16.4% to £5.5bn. Revenue generated outside France represented 36% of total revenue (41% in the Contracting business lines).

The firm said business remained “brisk” in 2011 and the good momentum is “attributable to the diversity in the Group’s expertise”.

The firm says the good first-half performance means they expect the business to grow by 5% over the full year, which was announced in March on the publication of the 2010 annual figures.

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