Cimpor 2004 net profit up

Cimpor 2004 net profit up
25 May 2005


The 2004 profit of Portuguese cement producer Cimpor grew by Euro 72m to a total Euro 262.5m due to the introduction and application of the international accounting standards IAS/IFRS, the company announced on May 23, 2005.  Cimpor has earlier reported a net profit of Euro 190.4mn for its 2004 activities, according to the Portuguese official accounting standard, called POC. 

The introduction of IAS/IFRS in Portugal in the beginning of 2005 also had a positive impact on the company’s 2004 revenue, which increased by Euro 10.2m while the company’s operating profit grew by close to Euro 74.2m. No comparative figures were available. 

Published under Cement News