Sacyr Vallehermoso SA (SYV), Spain's fifth-biggest builder, said first-half profit fell 3.5 percent as the residential construction market slumped in Spain.
Net income declined to 415.5 million euros ($608 million) from 430.4 million euros a year earlier, excluding its stake in French builder Eiffage SA, the Madrid-based company said in a regulatory filing today. Sales rose 14 percent to 2.92 billion euros.
Sacyr in April sold its stake in Eiffage to end a takeover battle.
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