Ciments Francais back to profit Q1 2004

Ciments Francais back to profit Q1 2004
Published: 04 May 2004

French building materials producer Ciments Francais, 74.7 per cent owned by Italian cement group Italcementi, swung to a net profit in the first quarter of 2004, due to good weather conditions posting a net profit of 22 mln euro (US$26.3m), compared to a net loss of 4.0 mln euro (US$4.8m) in the same period in 2003.  Ciments Francais posted a turnover of 666 mln euro (US$795.47m), up 7.9 per cent. Excluding adverse currency fluctuations, revenue rose 11.3 per cent, the company said. The company’s operating profit increased by 33.6 per cent to 82 mln euro (US$97.9m).