Titan Cement revenues rise yet losses in H1 2013

In the first half of 2013, Titan Cement of Greece registered a 4.4% rise in its revenues to €571.9 million, a 17.8% drop in its EBITDA to €92.2 million and a loss of €21.8 million in comparison with €8.3 million profits in the corresponding period in 2012.
August 6, 2013 Read time: 1 min

In the first half of 2013, 719 Titan Cement of Greece registered a 4.4% rise in its revenues to €571.9 million, a 17.8% drop in its EBITDA to €92.2 million and a loss of €21.8 million in comparison with €8.3 million profits in the corresponding period in 2012.

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Titan earnings hit by downturn

In the first half of 2012, Titan Cement of Greece posted a 2% drop in its revenues to €548 million, a 21% decrease in its EBITDA (earnings before interest, taxation, depreciation and amortisation) to €112 million, and a 65% decrease in its profits to €8 million, compared with the corresponding period in 2011. Meanwhile, in the second quarter of 2012, Titan’s revenues increased by 6% to €322 million while its EBITDA fell by 17% to €78 million in comparison with the same period last year.

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