Cement News tagged under: Semapa group

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Semapa Group attributes 9M24 growth to cement operations

01 November 2024, Published under Cement News

Semapa Group, the parent company of Portuguese cement producer Secil , has reported a net profit of EUR181.6m (US$197.3m) for the first nine months of 2024, marking an 8.6 per cent increase from the same period last year. The group attributes much of this growth to its cement and pulp operations, which generated a EUR36.9m increase in EBITDA despite challenging conditions in other business segments. Secil saw turnover rise to EUR526.1m, a 1.4 per cent increase YoY. The company's EBITDA c...