Greek cement firm Heracles 9-month net up

Greek cement firm Heracles 9-month net up
Published: 30 November 2005

Greek cement company Heracles, majority-owned by France’s Lafarge, reported an 85 per cent rise in nine-month net profit to Euro 86.2m on Tuesday. Third-quarter net profit rose by 215 per cent to Euro 67.2m, the country’s largest cement producer said in a statement, without giving a reason for the increase.  Revenue in the nine-month period rose 1.6 percent to Euro 448m, with sales in the third quarter up 13 per cent to Euro 161.2m. Heracles has three cement plants in Greece, with total annual production of 9.6Mt.