Vulcan’s profit margins increase as markets recover

Vulcan’s profit margins increase as markets recover
Published: 02 August 2016

Vulcan Materials' first-half turnover rose by 12.1 per cent to US$1711.6m and EBITDA advanced by 39.7 per cent to US$419.3m. The trading profit expanded by 69.4 per cent to US$378.7m and after a net interest charge 54.1 per cent lower at US$67.1m, the pretax profit jumped from US$18.9m to US$211m. The net attributable earnings line went from US$8.5m to US$142.7m. The net debt was reduced by 4.1 per cent to US$1890.8m, giving a gearing level of 42.2 per cent compared with 46.6 per cent a year earlier.

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