French group Colas 2006 net profit rises 29 pct


PARIS, Feb 21 (Reuters) - French road construction company Colas reported a 29 percent rise in 2006 net profit on Wednesday and issued an upbeat outlook. Colas, which is majority-owned by French conglomerate Bouygues , said net profit rose to 396 million euros ($520.3 million) helped by rising sales in France and overseas. The company raised its dividend by 33 percent to 6.40 euros and added it was targeting 2007 sales of 11.4 billion euros, up from 10.7 in 2006. Colas shares closed up ...

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