Cimpor Q1 2007 net profit seen down 15.9% YoY
Cimpor is expected to post a 15.9 per cent YoY drop in net profit to EUR66.3m ($89.8m) for the first quarter of 2007, according to estimates of Lisbon Brokers on May 14, 2007.
Lisbon Brokers also forecasts a slight increase in Cimpor’s earnings before interest, tax, depreciation and amortisation (EBITDA) to EUR139.5m (US$189m) in the first three months of 2007.
The company will register a significant improvement in terms of earnings results in the second half of 2007, after the integration of the recently acquired assets in Turkey and China, according to Lisbon Brokers analyst, Filipa Ferreira. Published under Cement News
