Net financial position of Italian cement company Cementir, a unit of Italian construction company Caltagirone, totalled Euro 112.7m on December 31, 2003, up by some Euro 35.9m.  Cementir consolidated net worth stood at Euro 505m in 2003 against Euro 440.5m in 2002. Cementir reported a net turnover of Euro292.6m, a 3.4 per cent year-on-year increase. Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 3.6 per cent to Euro 87.7m. Cementir’s board proposed a dividend payment of Euro 0.06 per share, flat year-on-year.