Portuguese investment bank Millennium bcp investimento (MBCPI) projected in a research note, dated May 17, 2005, the local cement company Cimpor - Cimentos de Portugal to post a profit of Euro 48.1m for the first quarter of 2005, up by 6.4 per cent year-on-year. Cimpor’s profit totalled Euro 45.2m in the first quarter of 2004.
MBCPI analysts saw also the company’s revenue up 7.2 per cent to a total Euro 321.4m. Earnings before interest, tax, depreciation, amortization, and net pension expense (EBITDAP) were seen at Euro 127.4m up by 7.9 per cent from Euro 115.6m.
