BRIEF-Cimpor recognises 483 million euros in amortizations in Q2

jueves 1 de septiembre de 2016 01:37 GYT

Sept 1 (Reuters) - Cimpor Cimentos de Portugal SGPS SA (Cimpor) :

* 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

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