Portugal Cimpor H1 2005 profit seen as lower

Portugal Cimpor H1 2005 profit seen as lower
Published: 11 August 2005

Portuguese cement producer Cimpor - Cimentos de Portugal is expected to post a 22.8 per cent year-on-year decline in its first half 2005 net profit to a total Euro 98.6m according to projections from local investment bank Millennium bcp investimento (MBCPI) reported on August 10, 2005.  According to MBCPI, Cimpor operating revenue must have reached Euro 708.5m up 4.4 per cent, and earnings before interest, taxes, depreciation, amortization and pension plan income or expense (EBITDAP) must have reached Euro 232m up 3.2 per cent. Cimpor will announce its first half 2005 earnings results on August 26, 2005.