Semapa H1 net 154.6 mln euros with one-time gains

Portuguese cement company Semapa posted six-month profits of EUR154.6m, helped by one-time gains of EUR185.4m, compared with a profit of EUR20.7m euros the year before.

Revenues were EUR220.2 million euros, compared with EUR213.6m euros in the first half of 2003. The company booked one-time gains from sales of stakes in Cimpor and in Semapa’s Secil unit.