Spanish Cementos Lemona profits up

Spanish Cementos Lemona profits up
Published: 15 February 2006

Spanish Cementos Lemona posted a record high Euro 21m attributable profit for 2005, up 40 per cent year-on-year, the company informed the Spanish stock market regulator CNMV on February 13, 2006.  The rise was chiefly due to the increasing demand, the start of operation of new production units and lower costs. 
 
Earnings before interest, tax, depreciation and amortisation (EBITDA) rose by 62.5 per cent to Euro 43.2m. Cementos Lemona turnover totalled Euro 121.3m  up 21.5 per cent. In terms of volume, the company sold 862,239t of cement and clinker, up 20.3 per cent. Exports totalled 154,206t. 
 
Cementos Portland Valderrivas currently holds 30.7 per cent in Cementos Lemona and targets to raise its stake to 100 pct.