Portugal Cimpor 2007 Profit up 4.2% YoY

Portugal Cimpor 2007 Profit up 4.2% YoY
Published: 27 March 2008

Cimpor has posted a consolidated net profit of EUR304.1m for 2007, which was a 4.2 per cent YoY rise, the company said in a note to the national bourse regulator CMVM on March 26, 2008.

The substantial appreciation of the euro against the currencies of almost all countries where Cimpor operates and the 25 per cent rise in the fuel prices on average affected considerably the company’s operating profit during the whole year. However, the extension of its consolidation perimeter, mainly resulting from the inclusion of new business areas such as Turkey and China, drove Cimpor’s 2007 EBITDA up to a record high EUR607m, up 7.8 per cent.