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.
The Portuguese holding company
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.
