Cimentos De Portugal, SGPS, S.A. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014
November 25, 2014
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Cimentos De Portugal, SGPS, S.A. reported unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total operating income of EUR 720,580,000 against EUR 704,446,000 a year ago. Net operating income was EUR 124,159,000 against EUR 153,264,000 a year ago. Profit before income tax was EUR 13,526,000 against EUR 90,471,000 a year ago. Net loss for the period for continuing operations was EUR 14,907,000 against net profit for the period for continuing operations of EUR 66,817,000 a year ago. Net loss for the period attributable to equity holders of the parent was EUR 17,530,000 against net profit for the period attributable to equity holders of the parent of EUR 65,803,000 a year ago. Basic and diluted loss per share was EUR 0.03 against basic and diluted earnings per share of EUR 0.10 a year ago. Cash flows from operating activities were EUR 173,436,000 against EUR 181,631,000 a year ago. Payments relating to tangible assets were EUR 35,496,000 against EUR 83,730,000 a year ago. Payments relating to intangible assets were EUR 63,000 against EUR 2,974,000 a year ago. EBITDA was EUR 172.4 million against EUR 197.3 million a year ago.
For the nine months, the company reported total operating income of EUR 1,975,224,000 against EUR 2,036,808,000 a year ago. Net operating income was EUR 321,500,000 against EUR 330,120,000 a year ago. Profit before income tax was EUR 34,359,000 against EUR 39,367,000 a year ago. Net loss for the period for continuing operations was EUR 12,696,000 against EUR 16,791,000 a year ago. Net loss for the period attributable to equity holders of the parent was EUR 17,729,000 against EUR 17,954,000 a year ago. Basic and diluted loss per share was EUR 0.03 against EUR 0.03 a year ago. Cash flows from operating activities were EUR 326,556,000 against EUR 262,174,000 a year ago. Payments relating to tangible assets were EUR 137,849,000 against EUR 262,510,000 a year ago. Payments relating to intangible assets were EUR 2,328,000 against EUR 3,225,000 a year ago. EBITDA was EUR 461.1 million against EUR 481.5 million a year ago.
Intercement Portugal SA, formerly known as Cimpor Cimentos de Portugal SGPS SA (Cimpor) is a Portugal-based holding company engaged in the construction materials sector. The Company is primarily active in the production and sale of cement and clinker. It also involved in the manufacturing and marketing of ready-mix concrete and aggregates. The Company operates in Egypt, Cape Verde, Angola, Mozambique, South Africa, and Argentina, among others. The Companyâs investments are held essentially through two subsidiaries: Cimpor Portugal SGPS SA, which holds the investments in companies dedicated to the production of cement, concrete, aggregates and mortar in Portugal and Cimpor Inversiones SA, which holds the investments in companies operating abroad. The company is controlled by InterCement Participacoes SA.
INTERCEMENT PORTUGAL, S.A. 
