For the six-month period, revenue increased 13% to 121 million euros ($152.5 million U.S.), compared with 107.1 million euros ($134.8 million U.S.) in the first half of 2011.

The company also posted a net loss of 1.4 million euros ($1.8 million U.S.) in the six-month period, compared with a profit of 3.3 million euros ($4.1 million U.S.) in the same period of 2011.

The net loss resulted from 22.5 million euros ($28.3 million U.S.) of nonrecurring expenses related to its Essen project and a 19.4 million euro ($24.4 million U.S.) profit from discontinued operations, IBA said.