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May 8, 2008

Skanska profits rise 46%

STOCKHOLM, Sweden (AP) — Swedish construction company Skanska AB on Wednesday posted a 46 percent gain in first-quarter profit, boosted mainly by stronger sales and a gain from a stake sale in a project.

The Stockholm-based company warned, however, that though the outlook for the construction of buildings looks good in most of its markets, particularly the Nordics and Central Europe, the growth rate is expected to decline.


 
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