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News Cementos Portland reports Euro122m loss in quarter one of 2015

Cementos Portland reports Euro122m loss in quarter one of 2015

Written by Global Cement staff 17 April 2015
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Spain: Cementos Portland, a subsidiary of Spanish builder FCC, saw its loss grow by 21.2% year-on-year to Euro29.5m during the first three months of 2015.

The company boosted its revenue by 9.4% year-on-year to Euro122m, while its earnings before interest, tax, depreciation and amortisation (EBITDA) slumped by 59.9% to Euro6.3m. Cementos Portland attributed its negative results to a reduction in CO2 emission sales on the secondary market and its new accounting procedures concerning costs generated by the annual renovation of its cement plants.

Should the aforementioned effects be neglected, Cementos Portland would have boosted its results by some Euro7m for the period to a loss of Euro25.7m, versus Euro32.7m a year earlier.

Last modified on 22 April 2015
Published in Global Cement News
Tagged under
  • Spain
  • Cementos Portland Valderrivas
  • Results
  • GCW197

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