Titan Cement H1 pretax

Titan Cement H1 pretax
Published: 21 July 2006

Credit Suisse First Boston expects Greece’s Titan Cement to announce pretax profits of Euro 141m for the first half on sales of Euro 722m. Operating profits are seen at Euro 155m, the broker said.

Titan Cement recently commented that the trading environment for cement inGreece has remained robust, and CSFB thinks the contribution from the US will also be good, despite concerns over the slowing residential market, as the commercial and infrastructure markets continue to strengthen.

CSFB said it will be looking for comments regarding potential acquisitions, as Titan Cement has the financial capacity to make acquisitions.