Cimpor African results improve 9M14

Cimpor African results improve 9M14
Published: 28 November 2014

Tagged Under: 9M14 Cimpor 

Cimpor's nine-month turnover declined by 1.6 per cent to EUR1952.2m and the EBITDA was off by 4.2 per cent to EUR461.1m as the Brazilian, Argentine and South African currencies declined by 10 per cent, 36 per cent and 14 per cent, respectively. South America generated 69.1 per cent of the EBITDA in the nine months compared with 79.5 per cent a year earlier. The trading profit (EBIT) came down by 2.6 per cent to EUR321.5m and the net financial charges declined by 1.2 per cent to EUR287.1m, to give a pretax profit 12.7 per cent lower at EUR34.4m. The tax charge was 16.2 per cent lower at EUR47.1m. The net attributable loss was 1.3 per cent lower at EUR17.7m. Net debt at the end of September stood at EUR3668m, giving a gearing level of 4.04 times shareholders' funds.









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