Italian cement group Cementir, a unit of local construction company Caltagirone, posted a net profit of EUR109.4m for 2005, a 62 per cent YoY increase.
The company reported an EBITDA of EUR184.4m up 92 per cent. Cementir generated a revenue of EUR857.4m, a 117 per cent increase. The company’s operating profit rose 100 per cent to EUR119.2m.
Cementir registered a net financial debt of EUR403.5m at the end of 2005 compared to a net financial debt of EUR298.6m at the end of 2004. The net financial position/net financial debt is calculated as the difference between a company’s financial debts and liquid assets.