Greek miner S&B Industrial Minerals more than doubled its operating profit in the second quarter of 2011 as end market demand continued to recover.
The bentonite, perlite and bauxite producer posted a second quarter operating profit of €11.8m. ($8.3m.), up from €4.1m. in the same period last year. Sales increased 8.8% to €118m.
S&B said its metallurgical businesses benefited from increased global steel production and recovering automotive output, but the stagnant construction in southern Europe had a dampening...