Portugal Cimpor 1H08 profit seen down 10.7%

Portugal Cimpor 1H08 profit seen down 10.7%
26 August 2008

Cimpor is seen to post a 10.7 per cent annual drop in the first-half of 2008 net profit to EUR117.6m, estimates of five analysts polled by Reuters and cited by Jornal de Negocios showed on August 25, 2008.
The slump in the profit was grounded on the increased financial costs and the surge of the energy prices.
The turnover is expected to grow by 5.3 per cent to EUR983.1m mainly on the back of the good results on the Brazilian, Turkish and the South African markets.
The estimates EBITDA stood at EUR279.1m, down six per cent on the year, due to the increased energy prices.
Published under Cement News