MADRID Aug 28 Spanish renewable energy and
engineering firm Abengoa posted on Wednesday a 11
percent drop in first-half net profit to 67 million euros
($89.38 million) from a year earlier.
Abengoa, which has energy, transportation and
telecommunications assets, said first-half earnings before
interest, taxes, depreciation and amortisation came in at 531
million euros ($710.66 million), compared to 397 million euros
in the same period in 2012.
The company also revised its debt reduction targets and said
it now aimed at reducing its net debt by 3.1 billion euros by
2014 through assets sales and lower investments.
($1 = 0.7466 euros)
(Reporting by Julien Toyer; Editing by Louise Heavens)