German construction company Hochtief reports lower revenues, profits

BERLIN, Oct. 15 (Xinhua) -- German construction company Hochtief announced on Thursday that its revenues in the first nine months of the year had declined by 4.5 percent year-on-year to 17.9 billion euros (20.9 billion U.S. dollars).

Operational net profit of the firm, which makes most of its business through international construction projects, even dropped by 24 percent year-on-year to 362.8 million euros in the first three quarters of 2020, according to the company.