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| HeidelbergCement increases revenue and profit in 2q German cement maker HeidelbergCement said its revenue rose by 11.4% to €3, 781 million (previous year: 3,394) in Q2 2012. Positive exchange rate effects supported the development of revenue particularly in North America, Asia-Pacific, as well as Western and Northern Europe. Excluding exchange rate and consolidation effects, revenue grew by 6.4%, with all Group areas apart from Western and Northern Europe recording an increase. Operating income before depreciation (OIBD) increased by 7.1% to €698 million (previous year: 651); operating income improved by 12.3% to €495 million (previous year: 441). The growth in cement sales volumes and successful price increases contributed to this improvement in results. Excluding exchange rate and consolidation effects, OIBD increased by 3.8% and operating income by 9.8%. Profit before tax from continuing operations amounted to €317.8 million (previous year: 319.1). Tax expenses in Q2 2012 fell to €83.0 million (previous year: 100.6). Net income from continuing operations rose to €234.8 million (previous year: 218.6). Overall, profit in Q2 2012 rose by 19.3% to €248.6 million (previous year: 208.4). Group share of profit went up 15.6% to €184.1 million (previous year: 159.2). In the first half of the year, Group revenue rose by 9.7% to €6,580 million (previous year: 5,996). Operating income before depreciation (OIBD) improved by 0.8% to €912 million (previous year: 904); operating income went up 1.6% to €509 million (previous year: 501). The profit for the first half of the year amounted to €93.2 million (previous year: 88.2). Profit attributable to non-controlling interests increased to €113.0 million (previous year: 89.6). Therefore, Group share of profit amounts to €-19.7 million (previous year: -1.4). write your comments about the article :: © 2012 Construction News :: home page |