Spain: Cementos Molins 9M net profit rises 38%

Spain's Cementos Molins registered a net profit of EUR41.9m in the first nine months of the year, up 37.6 per cent YoY, according to the company.

Total sales reached EUR473m, an increase of nearly 22 per cent YoY while operating profit reached EUR19.07m, advancing 1.9 per cent when compared with a year ago.

The “negative result” for Spain was more than offset by its operations abroad, which contributed EUR51m. While Cementos noted improved results in the 3Q15 due to a pick-up in the domestic market, the advance was not sufficient to make up for the losses encountered earlier in the year.