Martin Marietta reports strong Q1 profit advance

Martin Marietta reports strong Q1 profit advance
Published: 06 May 2016


Martin Marietta Materials, one of the top five US aggregates producers, has announced a first-quarter turnover 16.2 per cent ahead at US$734.0m and EBITDA rose by 67.3 per cent to US$152.6m. The trading profit was more than trebled, rising from US$.25.6m to US$83.8m and after a net interest charge that was 3.6 per cent higher at US$20m and after other items, the pretax profit emerged at US$64.8m compared with just US$5.4m and the net attributable profit jumped from US$6.1m to US$45m. Capital expenditure is estimated by the company at some US$350m for the year and the interest charge at US$80m.  

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