Italy: Cementir Holding has reported a pre-tax profit of Euro3.8m in the first quarter of 2015 compared with a pre-tax loss of Euro1.8m in the same period of 2014. Revenues fell by 0.9% to Euro205m. Earnings before interest, tax, depreciation and amortisation (EBITDA) declined by 1.6% to Euro24.2m. Net financial debt widened to Euro326m at the end of March 2015 from Euro278m at the end of 2014. For the entire 2015, Cementir expects an EBITDA of some Euro190m and a net financial debt of around Euro230m.
Cementir Holding returns to pre-tax profit in 2015
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