Sales and profits increased for Greek miner S&B Industrial Minerals this quarter in spite of the Eurozone crisis and economic collapse in Greece.
The bauxite, bentonite, and perlite producer saw a jump of 40% in net profits to €8.8m ($6.95m) and a 3% rise in sales to €114m ($90m) for Q2 year-on-year.
“We continue to monitor the volatile macroeconomic environment, especially in Europe and Asia and remain cautiously optimistic for the rest of the year,” said Kriton Anavlavis, CEO of S&B.