Cementos Molins’ 70.6% profit growth

Spanish cement company, Cementos Molins, has reported profits of €19.80 million in the first half of 2012, which was 70.6% up on a year earlier. Sales increased from €400.2 million in the first half of 2011 to €454.9 million in its latest results. The company is expected to end the year with net profits (without extraordinary adjustments) of around €40 million if its factories abroad, such as those in Tunisia and Argentina, continue to perform well.
July 31, 2012 Read time: 1 min

RSSSpanish cement company, 4709 Cementos Molins, has reported profits of €19.80 million in the first half of 2012, which was 70.6% up on a year earlier.

Sales increased from €400.2 million in the first half of 2011 to €454.9 million in its latest results.

The company is expected to end the year with net profits (without extraordinary adjustments) of around €40 million if its factories abroad, such as those in Tunisia and Argentina, continue to perform well.

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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

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