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| Cimpor Announces First Quarter 2006 Results For the first quarter of 2006, Cimpor, the largest Portuguese cement group, announces net income, after minority interests, amounted to 78.8 million euros, up around 33% on the net income for the same period in the previous year. Consolidated turnover rose to 406 million euros (20.4% more than in the first quarter of 2005). The increase of this indicator was particularly significant in the Egypt and Brazil Business Areas, where it reached rates of 66% and 42%. In this first quarter of 2006, cement and clinker consolidated sales totalled roughly 5.1 million tons (13.5% more than during the same period in the previous year), increasing particularly in Morocco (21.9% more), Brazil (24.7% more) and Egypt (25.7% more). The group's operating cash flow (EBITDA) went up to almost 139 million euros, showing a 25.6% growth over the first quarter of 2005. On March 31, 2006, Cimpor Group's net assets rose to more than 3.9 billion euros, increasing nearly 130 million euros (3.4%) comparing to the end of 2005. On the other hand, whereas Equity registered a rise of 5.4%, reaching nearly 1.7 billion euros, Net Financial Debt fell more than 15%, to just over 900 million euros. write your comments about the article :: © 2006 Construction News :: home page |