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| Buzzi Unicem net profit fell nearly 14 percent Italian cement maker Buzzi Unicem said its cement sales totalled 32.1 million tons in 2008, -5.8% over 2007. Ready-mix concrete output at 17.0 million cubic meters was only slightly lower than in 2007 (-0.6%). Consolidated net sales came in at €3,520.2 million versus €3,496.1 million (+0.7%). Like for like, net sales would have increased by 1.2%. Ebitda decreased to €922.7 million, -11.8% over €1,046.3 million in 2007, which included €61.2 million of non-recurring income. Ebit declined by 16.5% from €835.3 million to €697.7 million. Net financial expenses totalled €66.4 million vs. €22.2 million in 2007. Profit before taxes reached €650.3 million, down 21.2% from €824.8 million in 2007. Income taxes came in at €179.6 million (€288.3 million in 2007) thanks to a more favorable average tax rate. Income statement reported a decline in net profit of €65.7 million, from €536.5 million to €470.8 million (-12.3%), of which €395.3 million attributable to the equity holders of the company (-13.8%). write your comments about the article :: © 2009 Construction News :: home page |