ACS core earnings in line with forecasts

MADRID Oct 29 (Reuters) - Spanish constructor ACS (ACS.MC) said on Thursday core earnings reached 1.09 billion euros ($1.61 billion) in the first nine months of 2009, in line with an average forecast for 1.08 billion from a Reuters poll of eight analysts.

Net profit, including some 1 billion euros of capital gains from the sale of the groups stake in power group Union Fenosa, came in at 1.79 billion euros, compared to an average forecast of 1.73 billion from a poll of six analysts.

ACS' net debt stood at 9.309 billion euros on September 30.

(Reporting by Jonathan Gleave, Editing by Tracy Rucinski)