Cementos Alfa Profit up 29.6 pct

Cementos Alfa Profit up 29.6 pct
Published: 03 September 2004

Spanish cement maker Cementos Alfa SA posted a net attributable profit of 8.2 mln euro ($10 mln) for the first half of 2004, a 29.6 pct year-on-year increase, the company reported to Spain’s stock market regulator CNMV on September 2, 2004.  Cementos Alfa’s turnover increased 11.6 pct to 38.3 mln euro ($46.7 mln) on the back of higher sales of cement and mortar, the company added.

Cement sales stood at 33.5 mln euro ($40.8 mln), a rise of 11.1 pct, while sales of mortar jumped 28 pct to 2.5 mln euro ($3.0 mln). Sales of concrete decreased 2.8 pct to 1.4 mln euro ($1.7 mln) and the sales of aggregate went down 32.7 pct.