Cementos Portland profit slumps by 95% YoY in 2010

Cementos Portland profit slumps by 95% YoY in 2010
Published: 01 March 2011

Spanish cement producer Cementos Portland Valderrivas posted today a EUR1.2m profit for 2010, down by 95% on the year.

The revenue came in at EUR 886.7 million, down by 14.4% on the year.

EBITDA declined by 24% to EUR 219.7 million due to lower demand.

Cementos Portland reduced its net debt by 9.3% to EUR1.288bn.

Abstracted from an original article in Expansion (Cementos Portland reduce su beneficio un 95%).