Cementos Portland profit slumps by 95% YoY in 2010
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%).
Published under Cement News
