Cementos Portland Valderrivas loss increases by factor of 50 in first half of 2014

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Spain: Cementos Portland Valderrivas (CPV) has seen its net loss widen to Euro31m in the first half of 2014 compared to a loss of Euro0.6m in the same period of 2013. It said that its performance was due to 'exceptional circumstances' and that without one-off items it would have improved its result by 36%.

CPV's revenue also decreased by 3.8% to Euro260m between January 2014 and June 2014. Cement sales volumes were up by 5%, of which 63% came from overseas markets, predominately the USA and Tunisia.

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URL: https://globalcement.com/news/item/2762-cementos-portland-valderrivas-loss-increases-by-factor-of-50-in-first-half-of-2014

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