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Exports offset domestic losses for Molins

25 November 2013, Published under Cement News

The third-quarter consolidated net profit of Spain’s Cementos Molins fell 65.5 per cent YoY to EUR10.8m. The company’s international subsidiaries enjoyed a profit of EUR43.3m, offsetting the EUR32.5m loss registered in the domestic market. In the first nine months of the year, consolidated turnover slipped by 9.7 per cent YoY to EUR621m. Around 10.5 per cent was shaved of the turnover originated in Spain while the lower contribution of Mexican subsidiary and the consolidation of Cementos ...

Cementos Molins 1H profit falls 58%

01 August 2013, Published under Cement News

Cementos Molins closed the first half-year with a profit of EUR8.3m, 58 per cent down on 1H12. The decline has been attributed to the poor performance of the Spanish subsidiaries, which recorded a EUR22.4m loss. The company’s overseas divisions returned a profit of EUR30.7m. The group's total turnover decreased by 8.6 per cent from the 1H12 and reached EUR416m. In Spain, the turnover decreased by 14 per cent. Abroad sales fell seven per cent due to lower contributions from Mexico and Ce...