S&B Minerals record lower profits in Q1 2014 on higher costs

By Antonio Torrisi
Published: Thursday, 15 May 2014

Lower year-on-year profits in the first three months of this year reflect a moderate increase in sales of industrial minerals for foundry and specialty industries and lower demand from the construction and horticulture. The company will have to reduce debts in order to offset the negative impact of currency exchange on its profits.

Greek industrial minerals producer, S&B Industrial Minerals, has recorded lower profits in Q1 2014, despite a slight increase in sales year-on-year (y-o-y).

Net profit amounted to about €4.1m ($5.6m*), down 26% compared with the same period in 2013, as net debt increased from €228.8m to €241.3m y-o-y, due to...

This is a preview of the full article

Our market news and price data is reserved for registered users only.

Current customer? Login now

All of our industrial minerals price data and news is now available only through our new platform. Learn more about the intelligence we offer by visiting our Fastmarkets flagship website. If you are familiar with our reliable and trusted intelligence, fill out a request a quote form today to hear from our friendly sales staff who will create a custom license for you.


           



Interested in lithium prices? We now offer lithium prices and coverage free for reference. Click here to read all about it.

Interested in the wider electrification market?
Join our growing community of participants who want to learn more about electrification and how this market is developing.