Spain: Cementos Molins profit grows in H1 2014

Spanish cement firm, Cementos Molins, generated a profit of €10.8 million during the first nine months of 2013, which represents a 65.5% decrease compared to the same period in 2012. This has been attributed to the economic crisis. Other figures show that turnover fell 9.7% to €621 million, with sales in Spain falling 10.5% and international sales dropping 9.6%. Cementos Molins saw its net debt fall €26 million to €289 million.

Net consolidated profits of Spanish cement firm Cementos Molins increased by 37.6% year-on-year in the first nine months of 2015 to €41.9 million due to the good trading of its international operations, especially in Mexico and Argentina.

Although the Spanish subsidiary has registered an improvement in results, it is still posting negative net profits, while profits of the international divisions increased by 7.5% to €51 million. At the same time, net consolidated revenues went up by 21.8% to €473 mill

According to CEO Joan Molins, profits of the Spanish cement producer Cementos Molins should remain at similar levels to those in 2009, despite the industry's outputs in Spain dropping to 28million tonnes over two years, half of what was recorded in 2007. Profits of the company should be of some €56million in 2010, and dividends should be at similar levels than those in 2009, after they were cut to €0.24 per share. Meanwhile, the company has decided to move on with its current investments plan, and raise it