Italy Cementir Net Profit At 51.3 Mln Euro H1 2006

Italy Cementir Net Profit At 51.3 Mln Euro H1 2006
Published: 11 September 2006

Italian cement group Cementir, a unit of local construction company Caltagirone, closed the first half of 2006 with a net profit of 51.3 mln euro ($65.3 mln), a 66.2 pct year-on-year surge, the group said in a statement on September 8, 2006.  Cementir generated a revenue of 504.2 mln euro ($641.8 mln) in the first six months of 2006, up 25.3 pct year-on-year. The group’s earnings before interest, tax, depreciation and amortisation (EBITDA) totalled 118.6 mln euro ($151 mln) in the first half of 2006, a 44.4 pct year-on-year rise. 

The good performance of Cementir, registered in all of the geographical areas and segments in which the company operates, allows the company to expect that the objectives in its three-year industrial plan will be achieved in advance, Cementir’s statement read.