Vicat posts higher 1H turnover

Vicat posts higher 1H turnover
Published: 26 July 2005

French building materials supplier Vicat posted a Euro 858.32m turnover for the first half of 2005, up 7.9 per cent year-on-year, it was reported on July 25, 2005.   The company turnover generated in the second quarter of 2005 stood at Euro 519.73m versus Euro 448.2m for the same period of 2004. 
 
At Vicat’s annual shareholders’ meeting, held on June 2, 2005, the shareholders approved the company accounts for 2004, including a total of Euro 149m investments carried out by Vicat during the year. The financial structure of the group is well balanced and thus provides the opportunity for further company growth, the Vicat management said. 
 
In 2005 both cement and concrete prices are expected to continue to rise in some countries, particularly in the USA, and in general Vicat’s business should remain steady on most of the company markets in 2005, the management added.