Mozambique, China, Brazil and Turkey bolster Cimpor group’s accounts in 2011

29 February 2012

Lisbon, Portugal, 29 Feb – Mozambique, China, Brazil and Turkey were the markets that bolstered the 2011 accounts of the Cimpor group. In Mozambique turnover rose by 30.2 percent and in China by 20.3 percent, the group’s chairman said Tuesday in Lisbon.

In Brazil, the group’s turnover rose 13.1 percent to 688.9 million euros, in Mozambique it totalled 114.6 million euros and in China the total was 127.6 million euros. Portugal (minus 13.7 percent to 378.2 million euros), Spain (minus 8.3 percent to 249.8 million euros) and Egypt (minus 26.9 percent) were the markets where the group’s turnover decreased.

“Because of its economic vigour and the size of the group’s presence in that market, Brazil continued to be the main growth driver in Cimpor’s portfolio,” said Francisco Lacerda at the press conference to present the group’s results for 2011.

In 2011 Cimpor, which is currently more than 50 percent-owned by Brazilian groups Camargo Corrêa and Votorantim, posted net profit of 198.1 million euros, down 18.1 percent, but turnover rose 1.6 percent to 2.3 billion euros. (macauhub)