HeidelbergCement Q2 net profit seen rising

HeidelbergCement Q2 net profit seen rising
05 August 2005

HeidelbergCement , subject of a takeover offer, is expected to report strong profit growth in the second quarter, driven partly by higher cement demand and prices in key North American and Indonesian markets. 

A Reuters poll of seven analysts forecast on average a net profit of EUR203m ($250m), up from EUR155m a year ago. Estimates for the world’s fourth-largest cement maker ranged from EUR175m to EUR225m. 

Operating profit is seen up 16 percent on average at EUR316m, with estimates ranging from EUR285 million to 329 million euros. Sales are expected to increase 4.5 percent. 

Published under Cement News