Portuguese building materials manufacturer Martifer recorded losses of €30 million (US$39.57 million) in the first half of 2014, compared to losses of €50.1 million in H1, 2013.
The operating revenues fell by 44% to €167 million and impairments were down from €21 million to €10 million. The EBITDA was down to -€3.3 million and EBIT was in the red at -€36 million.
The net debt increased to €351 million but the management wants to sell non-core assets such as wind farms and solar power stations.
Portuguese building materials manufacturer Martifer recorded losses of €30 million (US$39.57 million) in the first half of 2014, compared to losses of €50.1 million in H1, 2013.
The operating revenues fell by 44% to €167 million and impairments were down from €21 million to €10 million. The EBITDA was down to -€3.3 million and EBIT was in the red at -€36 million.
The net debt increased to €351 million but the management wants to sell non-core assets such as wind farms and solar power stations.
