Ciments Francais back to profit Q1 2004

Ciments Francais back to profit Q1 2004
04 May 2004


French building materials producer Ciments Francais, 74.7 per cent owned by Italian cement group Italcementi, swung to a net profit in the first quarter of 2004, due to good weather conditions posting a net profit of 22 mln euro (US$26.3m), compared to a net loss of 4.0 mln euro (US$4.8m) in the same period in 2003.  Ciments Francais posted a turnover of 666 mln euro (US$795.47m), up 7.9 per cent. Excluding adverse currency fluctuations, revenue rose 11.3 per cent, the company said. The company’s operating profit increased by 33.6 per cent to 82 mln euro (US$97.9m).
Published under Cement News