Spain Cementos Molins posts EUR41.6m net profit

Spanish cement maker Cementos Molins posted a net profit of EUR41.6m (US$51.9m) for the first half of 2005, a 3.7 per cent YoY increase, the company reported. EBITDA totalled EUR73.7m (US$91.9m), an 8.7 per cent rise.
 
Turnover of the company stood at EUR284.4m (US$354.8m), up 11.6 per cent. The revenue increase was attributed to higher sales of Cementos Molins’ foreign units, such as Argentine Cementos Avellaneda and Mexican Corporacion Moctezuma, as well as the increase in the company’s sales in Spain. 
 
The company launched a second production line at its Cerritos factory in Mexico and built a factory in Bangladesh. 
 
Cementos Molins is based in the Catalonia region, northeastern Spain.