CIMPOR - Cimentos De Portugal, SGPS, S.A. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total operating income of EUR 646.294 million against EUR 597.023 million a year ago. Net operating income was EUR 73.996 million against EUR 89.765 million a year ago.

Loss before income tax was EUR 1.318 million against EUR 3.145 million a year ago. Net loss for the period attributable to equity holders of the parent was EUR 17.198 million or EUR 0.03 per basic and diluted share against EUR 10.823 million or EUR 0.02 per basic and diluted share a year ago. Cash Flows from operating activities were EUR 1.479 million against EUR 24.936 million a year ago.

Payments relating to tangible assets were EUR 47.309 million against EUR 69.153 million a year ago. Payments relating to tangible assets were EUR 0.841 million against EUR 0.745 million a year ago. EBITDA was EUR 123.4 million against EUR 133.1 million a year ago.

Turnover was EUR 636.6 million against EUR 592.5 million a year ago. Despite a drop in volume of sales, the positive development in prices in most of the countries made it possible to make up for the drop in this indicator. In consolidated terms, the average sale price of cement (in domestic markets) in the 1st quarter was 7.8% higher than the price seen in the first quarter of 2014.

CAPEX was EUR 70 million against EUR 199 million a year ago. Net debt stands at EUR 3,522 million.