Cement News tagged under: Titan
Goldman Sachs upgrades Titan, Greece05 April 2013, Published under Cement NewsGoldman Sachs has upgraded Titan Cement Co to neutral from sell, Dow Jones reports. While the investment bank remains cautious on Titan's end markets in the near term, it says consensus FY13/14 EBITDA expectations have decreased by 10 per cent year-to-date and there is no longer such a significant difference versus Goldman's estimates. Titan's turnover recovered by 3.6 per cent last year to EUR1130.7m, following the 19.2 per cent drop in the previous year. The EBITDA, however, continued ... |
Titan’s Greek profits fall by 60%02 March 2012, Published under Cement NewsTitan’s turnover declined by 19.2% last year to €1091.4m and the EBITDA fell by 23% to €242.7m. The net financial charge rose by 5.9% to €66.3m, and after €18.7m of impairment charges and €11.9m of foreign exchange losses, the pre-tax profit dropped by 71% to €37.7m. The pre-tax figure had, however been boosted by a €20.5m gain on the sale of emission rights in Greece and Bulgaria, compared with a €9.9m gain in the previous year. The net attributable profit dropped by 89.3% at €11.0m. For t... |