Cimpor - May 2013

A considerably restructured Cimpor has reported a first-quarter turnover increasing by 22 per cent from €521.2m to €635.9m and the EBITDA emerged 15.2 per cent ahead at €147.4m, of which the newly-acquired assets contributed €68m. The restructured group incurred a depreciation and provision charge that was 17.3 per cent lower at €41.1m, leading to a 35.8 per cent increase in the trading profit to €106.3m. The net financial charge was almost trebled (+170 per cent) to €28.9m, to give a pre-tax profit that was 14.6 per cent ahead at €77.4m and the net attributable profit, after higher tax and minorities charges, was seven per cent higher at €52.4m. Net debt was six per cent higher at €3375m to give a gearing level of 220 per cent. The consolidated cement and clinker deliveries were 5.9 per cent higher at 6.45Mt. The turnover from the remaining original business declined by 4.6 per cent to 3.4Mt, while the activities brought in by InterCement added 3.05Mt. 

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