Titan net profit seen up 35.7% YoY, Greece

Greek cement maker Titan Cement 2004 net profit is seen rising 35.7 per cent YoY to EUR169.5m (US$223.2m), local brokerage Egnatia Finance forecasts in its February 22, 2005 report. 

The company’s EBITDA are estimated at EUR327.9m  (US$431.8m), up 10.9 per cent. Titan sales are expected to grow 5.2 per cent to  EUR1.09bn (US$1.43bn). 

Titan Cement will announce 2004 financial results on February 24, 2005