Cimentos De Portugal, SGPS, S.A. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total operating income was €657,621,000 against €687,343,000 a year ago. Net operating income was €107,576,000 against €78,472,000 a year ago. Profit before income tax was €23,979,000 against loss before income tax of €120,599,000 a year ago. Net profit for the period for continuing operations was €11,735,000 or €0.02 basic and diluted per share against net loss for the period for continuing operations of €132,379,000 or €0.20 basic and diluted per share a year ago. Cash flows from operating activities were €128,184,000 against €26,666,000 a year ago. Payments relating to tangible assets were €33,201,000 against €67,868,000 a year ago. Payments relating to intangible assets were €1,520,000 against €1,000 a year ago. EBITDA was €155.7 million against €136.9 million a year ago.

For the six-month period, the company reported total operating income was €1,254,644,000 against €1,332,362,000 a year ago. Net operating income was €197,341,000 against €176,856,000 a year ago. Profit before income tax was €20,833,000 against loss before income tax of €51,104,000 a year ago. Net profit for the period for continuing operations was €2,211,000 against net loss for the period for continuing operations of €83,608,000 a year ago. Cash flows from operating activities were €153,120,000 against €80,543,000 a year ago. Payments relating to tangible assets were €102,534,000 against €178,780,000 a year ago. Payments relating to intangible assets were €2,264,000 against €252,000 a year ago. EBITDA in the first half of 2014 stood at €288.7 million recording a year on year increase of 1.6% despite a foreign exchange impact of €64.7 million.