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Cimpor Cimentos de Portugal SGPS SA (CPR.LS)

CPR.LS on Lisbon Stock Exchange

0.35EUR
23 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Cimpor FY net loss widens to 787.6 mln euros
Wednesday, 15 Mar 2017 02:35am EDT 

Cimpor Cimentos de Portugal SGPS SA : Reported on Tuesday FY sales 1.84 billion euros ($1.95 billion) versus 2.49 billion euros year ago . FY EBITDA 352.6 million euros versus 525.7 million euros year ago . FY net loss 787.6 million euros versus loss 71.2 million euros year ago . FY net result was strongly influenced by impairments in goodwill . Net debt 3.38 billion euros at end-Dec. 2016, 10 percent above the closing amount for 2015, penalised by the business contraction and effect of exchange fluctuations . For 2017, Cimpor forecasts a slight increase in the generation of EBITDA, due to the progress in the operations in Argentina and the recovery of Portugal, trading activity and South Africa .The board will propose to the shareholders transfer of the negative net result for 2016 to retained earnings.  Full Article

Cimpor recognises 483 million euros in amortizations in Q2
Thursday, 1 Sep 2016 01:37am EDT 

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.  Full Article

InterCement completes tender over Cimpor bonds due 2024
Monday, 8 Aug 2016 08:19am EDT 

Cimpor Cimentos De Portugal SGPS SA : Says closes tender offer and consent solicitation announced by InterCement for any and all of the outstanding 5.750 pct senior notes due 2024 issued by Cimpor .Says InterCement purchased $83.1 million, or 12.40 percent, of outstanding notes as a result of the tender.  Full Article

Cimpor Q1 net loss widens to 40.7 mln euros
Wednesday, 1 Jun 2016 02:43am EDT 

Cimpor Cimentos de Portugal SGPS SA : Said on Tuesday Q1 net loss 40.7 million euros ($45.3 million) versus loss 17.2 million euros year ago . Q1 sales 454.1 million euros versus 636.6 million euros year ago .Q1 EBITDA 80.1 million euros versus 123.4 million euros year ago.  Full Article

Cimpor Cimentos de Portugal SGPS SA sells two quarries to Polimix Concreto for 100 million reais
Monday, 28 Dec 2015 12:04pm EST 

Cimpor Cimentos de Portugal SGPS SA:Sells quarries Pedreiras de Guarulhos e Barueri situated in Sao Paulo state, Brazil to Polimix Concreto for 100 million Brazilian reais.  Full Article

Cimpor Cimentos de Portugal SGPS SA sells 16 pct of Yguazu Cementos (Paraguay) for 32 mln euros
Monday, 21 Dec 2015 03:45pm EST 

Cimpor Cimentos de Portugal SGPS SA:Sold 16 percent stake in its unit Yguazu Cementos (Paraguay) for $35 million (32 million euros).Cimpor will continue to keep control of the unit holding a stake of 51 percent The remaining stake in Yguazu Cementos (Paraguay) will be held by its Paraguayan partner Concret Mix.  Full Article

Cimpor Cimentos de Portugal SGPS SA announces CFO change
Tuesday, 18 Aug 2015 02:43pm EDT 

Cimpor Cimentos de Portugal SGPS SA:Appoints Paulo Sergio de Oliveira Diniz as chief financial officer (CFO), replacing Claudio Borin Guedes Palaia.  Full Article

Cimpor Cimentos de Portugal SGPS SA announces decision from CADE
Wednesday, 29 Jul 2015 04:34pm EDT 

Cimpor Cimentos de Portugal SGPS SA:Following an announcement issued on May 29, 2014, the company says Brazilian watchdog CADE analyze its previous decision about the main penalties and its decision remained unchanged.The company says it is firmly convinced that no infraction was committed, by either InterCement Brasil or Cimpor Brasil, - both are merged as InterCement Brasil, the latter will appeal this decision.  Full Article

Cimpor Cimentos de Portugal SGPS SA announces changes in its shareholding
Tuesday, 28 Jul 2015 04:04pm EDT 

Cimpor Cimentos de Portugal SGPS SA:Says that its shareholder Camargo Correa Cimentos Luxembourg S.a.r.L. (CCC) sold to InterCement Austria Holding GmbH (IAH) 30 million common shares of the company for a total price of 91.4 million euros.After this operation, CCC holds directly 131 million shares of the company (19.6 pct of the voting rights in Cimpor) and IAH holds directly 501 million shares of Cimpor (74.6 pct of the voting rights), all common shares with a nominal value of one euro each.Both entities are related to the directors of Cimpor José Edison Barros Franco and Claudio Borin Guedes Palaia.  Full Article

Cimpor Cimentos de Portugal SGPS SA announces construction of a new plant in Mozambique
Tuesday, 23 Jun 2015 08:42am EDT 

Cimpor Cimentos de Portugal SGPS SA:Announces, through its subsidiary Cimentos de Moçambique, the construction of a new plant in Mozambique.New integrated cement production plant in Nacala with an estimated investment of around $250 million.Cimentos de Moçambique owns already an integrated cement production plant in Matola and also operates 4 grinding units at Dondo, Nacala, CINAC and Matola II.  Full Article

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