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HeidelbergCement Sales Up 18% in 2006

German cement maker HeidelbergCement said Wednesday that sales in 2006 grew 18% as the company benefited from growing economies.

Revenue climbed to 9.23 billion euros ($12.14 billion) from 7.80 billion euros in the previous year, the company said in a statement. Profit was more than 1 billion euros ($1.31 billion), the company announced in its "first overview" of its financial performance during the period.

"The economic upturn continued in the company's most important markets during the fourth quarter," HeidelbergCement said. "The mild winter weather also helped to sustain a high level of construction activity."

HeidelbergCement will publish its complete 2006 financial results March 22.

Shares in HeidelbergCement fell 0.8% to 116 euros ($152.60) in Frankfurt.

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