Cimpor - September 2017

Cimpor's first-half turnover improved by 2.6 per cent to EUR920.9m, while EBITDA declined by 2.6 per cent to EUR165.7m. The amortisation and provision charge dropped from EUR527.9m to EUR284.3m as the EUR433m good-will impairment charge relating to Brazil was not repeated. As a result, the trading loss was reduced from EUR357.7m to EUR118.6m. The net financial charge was reduced from EUR182.2m to EUR53.5m there was a pretax loss of EUR172.1m compared with EUR539.9m, a 68.1 per cent reduction. After a EUR11.1m tax charge, the net loss fell from EUR526.7m to EUR198.6m. The net debt at the end of June was 10.5 per cent higher than a year earlier at EUR3771m. 

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