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CPR - Cimpor Cimentos De Portugal SGPS SA News Story

€0.36 0.0  0.0%

Last Trade - 26/09/17

Sector
Basic Materials
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £1.64bn
Position in Universe th / 730

BRIEF-Cimpor FY net loss widens to 787.6 mln euros

Wed 15th March, 2017 6:35am
March 15 (Reuters) - Cimpor Cimentos de Portugal SGPS SA 
 CPR.LS : 
    * Reported on Tuesday FY sales 1.84 billion euros ($1.95 
billion) versus 2.49 billion euros year ago 
    * FY EBITDA 352.6 million euros versus 525.7 million euros 
year ago 
    * FY net loss 787.6 million euros versus loss 71.2 million 
euros year ago 
    * FY net result was strongly influenced by impairments in 
goodwill 
    * Net debt 3.38 billion euros at end-Dec. 2016, 10 percent 
above the closing amount for 2015, penalised by the business 
contraction and effect of exchange fluctuations 
    * For 2017, Cimpor forecasts a slight increase in the 
generation of EBITDA, due to the progress in the operations in 
Argentina and the recovery of Portugal, trading activity and 
South Africa 
    * The board will propose to the shareholders transfer of the 
negative net result for 2016 to retained earnings 
 
     
 Source text: http://bit.ly/2n8MOfW 
     
 Further company coverage:  CPR.LS   
    
 
 
 
($1 = 0.9414 euros) 
 
 (Gdynia Newsroom) 
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))
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