Cementos Molins, S.A. Reports Earnings Results for the Third Quarter Ended September 30, 2019
October 30, 2019 at 03:04 pm
Share
Cementos Molins, S.A. Announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was EUR 143 million compared to EUR 118.1 million a year ago. Operating income was EUR 16.9 million compared to EUR 12 million a year ago. Net income was EUR 20.5 million compared to EUR 21 million a year ago. For the nine months, sales was EUR 469.7 million compared to EUR 397 million a year ago. Operating income was EUR 61.7 million compared to EUR 33 million a year ago. Net income was EUR 70.2 million compared to EUR 64 million a year ago.
Cementos Molins SA is a Spain-based company engaged in the production, distribution and sale of cements, lime and gypsum, as well as other related construction materials. The Company is also involved in the exploitation of quarries and deposits of clay, limestone and gypsum. As of December 31, 2011, the Company owned such subsidiaries as Cementos Molins Industrial SAU, Promotora Mediterranea-2 SA, Prefabricaciones y Contratas SAU, Propamsa SAU, Cemolins Internacional SL, Portcemen SA and Minus Inversora SA, among others. In addition, Noumea SA was the Companyâs major shareholder with 32.09% of its interest.