Heracles sees profits rise

Heracles sees profits rise
Published: 22 June 2005

Greek cement producer AGET Heracles, majority-owned by France’s Lafarge, is expected to include in its 2005 financial results an extraordinary profit of Euro 44m it was reported on June 21, 2005.  The sum refers to indemnities to be paid by the state.  AGET Heracles ended 2004 with a 2.4 per cent rise in sales to Euro 592.5m Pre-tax profit fell to Euro 116m for 2004 from Euro 127m the year before. Sales and profit for 2004 reduced year-on-year after the end of the preparations of the Athens 2004 Summer Olympic Games.  The company will pay shareholders a dividend of euro 0.40 for 2004.