Cement Hranice raises profit by Kc103m YoY to Kc763m in 2006

Cement Hranice raises profit by Kc103m YoY to Kc763m in 2006
Published: 28 August 2007

Czech company Cement Hranice netted an audited Kc763.1m in 2006, Kc103m more than in 2005, and its sales rose from Kc1.5bn to Kc1.7bn, CTK has learned from the company’s annual report.  
 
"Thanks to the boom in the construction industry we sold 16 percent more cement than the year before," board of directors chairman Jaromir Chmela says in the annual report.  
 
The bottom line was affected by rising costs of services and material but the effect was more than offset by steadily decreasing depreciation of tangible assets, according to Chmela. 
 
"Income from the sale of carbon credits contributed significantly to the bottom line like in 2005," said Chmela. 
 
Cement Hranice had total assets worth Kc2.2bn, owner’s equity of Kc2.2bn, and loan capital worth Kc459.2m at end-2006.  
 
Cement Hranice is 100per cent owned by Dyckerhoff.