BRIEF-Cimpor Q3 net loss widens to 26.7 mln euros

jueves 19 de noviembre de 2015 03:23 GYT
 

Nov 19 (Reuters) - Cimpor Cimentos de Portgual SGSP SA :

* Said on Wednesday Q3 net loss was 26.7 million euros ($28.6 million) versus loss of 17.5 million euros a year ago

* Q3 turnover was 625.1 million euros, down 11.8 percent year on year

* Q3 EBITDA was 116.4 million euros, down 32.5 percent year on year

* Net debt at 3.29 billion euros at end-Sept, down 9.4 pct year on year

* Q3 results impacted by the expected slowdown of the Brazilian economy, where EBITDA reflects the impact of political and economic uncertainty on demand and increase in supply, with lowering of electricity rates since August

* Additionally, some slowing has also been observed in Africa in Q3 as a result of one-off situations in Egypt, where intensification of competition leads to fall of market prices, and Mozambique, where profitability was restricted by local energy limitations and the increase of costs pegged to the dollar

Source text: bit.ly/1MDcUJZ

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