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| HeidelbergCement increases turnover and profit in 2010 German building materials maker HeidelbergCement ended the 2010 financial year successfully. Group turnover increased by 5.8% to EUR 11,762 million (previous year: 11,117), supported by consistently good performance in the growing markets in Asia and Africa as well as advantageous exchange rate effects. Across the Group, sales volumes for cement and clinker, aggregates, and ready-mixed concrete virtually remained constant. Operating income before depreciation (OIBD) rose by 6.5% to EUR 2,239 million (previous year: 2, 102); operating income increased by 8.6% to EUR 1,430 million (previous year: 1, 317). Due to lower financing costs and significantly fewer goodwill impairment than in the previous year, the profit for the financial year more than tripled to EUR 511 million (previous year: 168). Earnings per share improved to EUR 1.83 (previous year: 0.30). write your comments about the article :: © 2011 Construction News :: home page |