Semapa FY net rises 33 per cent to EUR122.0m
Semapa SGPS said net profit increased 33 per cent to EUR122m in the full year to December, up from EUR91.4m in 2006.
In a statement, Semapa said EBITDA fell to EUR432.7m from EUR443.6m on a revenue decrease to EUR1.43bn from EUR1.54bn a year earlier.
The industrial holding said the net profit figure was boosted by lower write-offs, provisions and raw materials costs as it only consolidated 51 per cent of it Secil cement unit in 2007 compared to its full consolidation in 2006.
Published under Cement News
