FCC tripled its losses in 2016, after adjusting for the value of your business-cement industry – Investing.com Spain

Investing.com – FCC (MK: a) closed last financial year with a net loss of 165,2 million euros, 3.5 times higher at the red numbers 2015.

The group controlled by Carlos Slim attributed the result to the adjustment value held in the division of cement, by 299,9 million.

By contrast, the Ebitda of the company rose 2.3%, up 833,7 million, thanks to the reduction of the expenditure.

revenue fell 8.1 percent to 5.951,6 million, due to the continuing fall in demand from the Construction area in Spain.

During the past year, FCC was able to cut a 34.3 per cent of its net financial debt, which closed at 3.595,8 million.

After presenting the results, the company was left to 0.40%, while the Madrid Stock exchange was priced flat.

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