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Home > Headlines > Spain's Indra books slightly lower net profit in first quarter

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Spain's Indra books slightly lower net profit in first quarter

Published by Global Banking and Finance Review

Posted on May 6, 2025

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(Reuters) -Spanish defence and technology firm Indra said on Tuesday its first-quarter net profit fell 3.2% on higher financial costs and heavier taxes.

The company booked a net profit of 59 million euros ($66.77 million) down from 61 million euros in the same period last year.

The company said it is on track to meet its targets for 2026 and will meet its long-term goal of 10 billion euros in revenues earlier than 2030.

($1 = 0.8836 euros)

(Reporting by Mireia Merino and Javi West Larrañaga and Inti Landauro)

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