Brazil Camargo Correa Q1 2005 net profit soars

Brazil Camargo Correa Q1 2005 net profit soars
Published: 31 May 2005

Brazilian cement maker Camargo Correa Cimentos, a unit of local construction group Camargo Correa, posted a net profit of 62.7 mln Brazilian reais ($26.03m) for the first quarter of 2005, a 328.47 per cent year-on-year surge.  The company’s net revenue reached 131.7 mln reais ($54.675m) for the period January to March 2005, up 10.28 per cent year-on-year. Camargo Correa Cimentos’ gross revenue, in turn, totalled 190.5 mln reais ($79.09m) for the three months to March 2005, down 8.63 per cent year-on-year.