Votorantim Cimentos - June 2014
Votorantim Industrial's first-quarter turnover improved by 11.2 per cent to BRL6577m (US$2985m) and the EBITDA jumped by 41 per cent to BRL1528m, but the net income dropped by 96 per cent to BRL8m. Capital expenditure in the period declined 17.7 per cent to BRL465m, with 20 per cent of this being for expansion capital expenditure, of which 79 per cent was in cement.