CAF has reported net profit of €50 million in the first half of 2013.
The company is currently working through an order backlog of €4.93 billion, of which 85 per cent is from international projects.
CAF is supplying suburban trains for Brazil, New Zealand and Italy, with tram orders from Saudi Arabia, Taiwan and Finland.
Earnings before profit up to June 30 was €120.4 million despite a fall in net turnover, which is down to €780.9 million from €935.7 million in 2012.
