Acciona Q1 net profit 29 mln euros, down 49 pct

Spanish energy and infrastructure company Acciona posted net profit of 29 million euros ($37.58 million) in the first quarter of 2012, which was below analysts’ forecasts of 31 million and down 49.1 percent from a year earlier.

The company’s earnings before interest, taxes, depreciation and amortisation (EBITDA) for the January-March period were 308 million euros, a year-on-year decline of 6.5 percent.