Cementos Portland profit totals EUR 2.4m in 1H10

Cementos Portland profit totals EUR 2.4m in 1H10
Published: 30 July 2010

The profit of Spanish cement producer Cementos Portland Valderrivas dropped by 88.3% YoY to EUR2.4m in the first half of 2010.

The earnings before interest, tax, depreciation and amortisation (EBITDA) came in at EUR109.6m, down 27.1%.

The turnover also fell by 19% to EUR435m.

The company saw a recovery in the cement consumption in the second three months of 2010.