Cementir 2004 net profits up

Cementir 2004 net profits up
Published: 14 March 2005

Italian cement company Cementir SpA, a unit of local construction company Caltagirone, closed 2004 with a net profit of Euro 79.1m, up from Euro60.4m for 2003, the company announced.

Turnover grew to Euro 395.1m from Euro 292.6m. The company’s board approved the 2004 balance sheet on March 11, 2005 and the payment of a dividend of Euro 0.07 per share against euro 0.0 per share in 2003. 

The financial results include the Euro 572m acquisition of Danish cement maker Aalborg Portland and ready-mixed concrete maker Unicon completed on October 29, 2004.