Latvia: Cemex loss, but investment high

Latvia's cement producer Cemex posted a turnover was €86.9 million for 2014, nearly unchanged year-on-year (2013: €87.08 million). The company's net loss was €1.8 million which was due to the effect of the mandatory procurement component for electricity in Latvia, as well as interest and depreciation related to €290 million investment in the Broceni cement factory. Cemex generated a €4.84 million profit in 2013, up from the suffered loss of €14.18 million in 2012. Exports accounted for more than 70
August 6, 2015 Read time: 1 min

Latvia's cement producer 643 Cemex posted a turnover was €86.9 million for 2014, nearly unchanged year-on-year (2013: €87.08 million).

The company's net loss was €1.8 million which was due to the effect of the mandatory procurement component for electricity in Latvia, as well as interest and depreciation related to €290 million investment in the Broceni cement factory.

Cemex generated a €4.84 million profit in 2013, up from the suffered loss of €14.18 million in 2012.

Exports accounted for more than 70% of the company's sales revenue in 2014.

Cemex has invested € 330 million in Latvia, including the Broceni factory.

Quarry Products Auctions, Used Equipment, Rental & Finance

For more information on companies in this article

Related Content

January 29, 2015

Caterpillar cuts 2015 profit forecast

Caterpillar has cut its 2015 profit outlook and warned the plunge in oil prices would hurt its energy equipment business, sending shares tumbling as much as 8%, Reuters news agency reports.

The US construction equipment manufacturing giant also posted a lower-than-expected quarterly profit. During Q4 2014, Caterpillar's energy business helped offset falling construction equipment sales and weakness in mining equipment orders due to lower copper, coal and iron ore prices.

Caterpillar said it expects on

June 12, 2014

Slovakia’s Holcim ends 2013 with €22.03mn loss

In 2013 Swiss cement and construction materials producer Holcim's Slovakian subsidiary, Holcim Slovensko, made a loss of €22.03 million compared to a net profit of €9.26 million in 2012.

In 2013 its loss from economic activities fell markedly by nearly 59% on year to €15.63 million, while from financial activities it made a loss of €7.7 million compared to a profit of €16.08 million in 2012. Its EBITDA amounted to €10.22 million, while production represented €123.87 million, up by 36.5% on year.

Holci

boombox1

Highlighted Content

boombox2