Portugal: Semapa posts results of 2015

The Portuguese holding company Semapa, with interests in the cement and pulp and paper business, saw profits drop by 27.7% in 2015 to €81.5 million (US$90.96 million). The performance was affected by the reduction of the stake held in Portucel and increased taxes on profits. The turnover rose by 6.7% to €2.132 billion and sales overseas reached some €1.611 billion, which accounted for 75.6% of the turnover. Ebitda was estimated at €478.2 million, a 16.6% rise from 2014.

Quarry Products / February 10, 2016

The Portuguese holding company 4425 Semapa, with interests in the cement and pulp and paper business, saw profits drop by 27.7% in 2015 to €81.5 million (US$90.96 million).

The performance was affected by the reduction of the stake held in Portucel and increased taxes on profits.

The turnover rose by 6.7% to €2.132 billion and sales overseas reached some €1.611 billion, which accounted for 75.6% of the turnover.

Ebitda was estimated at €478.2 million, a 16.6% rise from 2014.

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Semapa