Cementir - November 2018

Cementir's turnover for the first nine months of 2018 rose by 4.8 per cent to a re-stated EUR893.18m (US$1019.5m) thanks to the full consolidation of Lehigh White Cement from the second quarter of this year and a higher Asia-Pacific turnover, but the Eastern Mediterranean contribution was lower. EBITDA improved by 5.2 per cent to EUR163m and the trading was ahead by 6.2 per cent to EUR106.4m. After a net financial profit of EUR32.4m compared with a charge of EUR10.8m, the pretax profit jumped by 107.5 per cent to EUR138.8m from EUR66.9m, but before losses of discontinued operations the increase was 55.4 per cent. Net debt at the end of September was 36.7 per cent lower at EUR339.6m, adjusted for the sale of the Italian cement and concrete operations.

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