USA: Martin Marietta 2Q16 gross profits up 23%

USA: Martin Marietta 2Q16 gross profits up 23%
Published: 03 August 2016


Martin Marietta Materials, one of the top five US aggregates producers, has announced a first half turnover 11.3 per cent ahead at US$1649.8m and EBITDA rose by 40.6 per cent to US$419.1m. The trading profit jumped by 67 per cent to US$271.5m and after a net interest charge that was 5.4 per cent higher at US$40.3m and other items, the pretax profit jumped by 90.3 per cent to US$240.3m and the net attributable profit advanced by 89.6 per cent to US$167m. Net debt at the end of June was 8.8 per cent higher at US$1750.7m to give a gearing level of 43.6 per cent compared 39.6 per cent a year earlier.

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