Uniland sees its income fall by 40%

Uniland sees its income fall by 40%
07 July 2010

Cement maker Uniland blames the sharp fall of the construction sector, particularly in Spain. The company, which has been owned by the FCC group via its its subsidiary Cementos Portland Valderrivas since 2006, had a turnover of EUR342.6m in 2009, 26.17 per cent less than the previous year.

Since 2006, when the group closed the financial year with sales of EUR569.88m, business volumes have fallen by 39.88 per cent.

The net profit of the group suffered a decline of 20.44 per cent to EUR77.84m. The gross operating result was EUR116.85m, compared with EUR147.3m in 2008. In Catalonia, the company has cement plants in Santa Margarida I els Monjoys (Alt Penedès) and Vallcarca (Garraf). Sixty-five per cent of income originates in Spain and the rest, overseas. In terms of activities, 65 per cent of turnover is accounted for by cement and the rest, by concrete (24 per cent), dry mortar (nine per cent) and sands (two per cent).
Published under Cement News