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CPR - Cimpor Cimentos De Portugal SGPS SA News Story

€0.36 0.0  0.0%

Last Trade - 26/09/17

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

BRIEF-Cimpor recognises 483 million euros in amortizations in Q2

Thu 1st September, 2016 6:37am
Sept 1 (Reuters) - Cimpor Cimentos de Portugal SGPS SA 
(Cimpor)  CPR.LS : 
    * Reported on Wednesday its Q2 turnover was down 33.5 
percent at 443.2 million euros ($494.12 million) versus 666.2 
million euros year ago 
    * Q2 EBITDA down 42.2 percent at 90.1 million euros versus 
155.8 million euros year ago 
    * Q2 net result turned to loss of 486.0 million euros versus 
profit of 10.2 million euros year ago 
    * Says EBITDA positively impacted by growth in Mozambique, 
Paraguay and Cape Verde, although not enough to offset the 
contraction occurred in Brazil, Portugal and Egypt 
    * Amortisation and provisions amounted to 483 million euros 
in Q2 mainly due  to  the recognition of an impairment on the 
goodwill of Brazil 
    * Sees "favourable  political  signs" in Brazil that 
indicate more favourable H2 
 Source text: 
 Further company coverage:  CPR.LS   
($1 = 0.8969 euros) 
 (Gdynia Newsroom) 
 ((; +48 58 772 0920;))
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