Italcementi’s profits fall in spite of recoveries in North America and India

Italcementi’s profits fall in spite of recoveries in North America and India
Published: 02 August 2012

Tagged Under: Italcementi Italy 

Italcementi’s first half turnover came off by 4.9 per cent to €2299.8m while the running EBITDA declined by 11.6 per cent to €328.7m. The trading profit fell by 37.4 per cent to €100.6m, and after an 84.2 per cent increase in the net interest charge to €47.3m and a 39.8 per cent reduction in income from associates, the pre-tax dropped by 59.8 per cent to €55.4m. 

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