Spain: Cementos Molins posts improved profit, but revenue falls

Bymc2008

Updated 2016-05-06

Spain: Cementos Molins has posted a net profit of Euro15.4m for the first quarter of 2016, a rise of 1.7% year-on-year. The group’s consolidated quarterly revenue came in at Euro130.7m, 10% less than in the first quarter of 2015.

Cementos Molins suffered a Euro6m negative impact on its accounts due to the depreciation of the Mexican and Argentinian currencies during the quarter, which was compensated by improved margins.

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