Cementir shareholders approve 2005 figures

Cementir shareholders approve 2005 figures
21 April 2006

The shareholders’ meeting of Italian cement group Cementir approved on April 20, 2006 the group’s 2005 balance sheet and appointed its new board of directors. The shareholders decided on the distribution of a dividend of Euro 0.085 euro per share on Cementir’s  2005 results, which showed a 62 per cent rise in net profit to Euro 109.4m and a 117 per cent hike in revenue to Euro 857m.

 The shareholders’ meeting of Cementir also decided to increase the number of board members to 13 from 11. The new board will consist of Francesco Caltagirone JR, Pasquale Alcini, Edoardo Caltagirone, Saverio Caltagirone, Carlo Carlevaris, Mario Ciliberto, Mario Delfini, Luciano Leone, Alfio Marchini, Walter Montevecchi, Riccardo Nicolini, Azzurra Caltagirone and Alessandro Caltagirone. 
 The president Francesco Caltagirone JR expressed his satisfaction with the group’s 2005 results and confirmed the objectives of sales of over Euro 1.0bn and earnings before interest, tax, depreciation and amortisation (EBITDA) of Euro 250m by 2008.
Published under Cement News