The net profit of Italian cement company Cementir, a unit of local construction company Caltagirone, surged 140 pct year-on-year to EUR15.1m ($18.6m) in the first half of 2004, it was reported on September 28, 2004.
Cementir’s operating profit stood at EUR24.7m (US$30.4m) in the first half of 2004, up 32 per cent YoY. The company generated an 8.4 per cent YoY rise in EBITDA to EUR39.8m (US$48.9m) in the first six months of 2004.
Cementir registered a turnover of EUR151.1m (US$185.8m) for January to June 2004, up by 6.3 per cent from the same period of 2003.
