VM Matériaux reported consolidated earnings results for the six months ended June 30, 2012. For the period, the company reported turnover of EUR 348.5 million against EUR 366.4 million a year ago. Current operating profit was EUR 4.5 million against EUR 11.0 million a year ago. Net profit was EUR 2.3 million against EUR 7.3 million a year ago. Net group profit declined to EUR 1.9 million from EUR 6.8 million at end-June 2011.

The company announced the board changes. The company announced that following the departure of Jean-Charles Chaigne, who headed the building distribution business, changes were made to the board of directors. Gérard Charrier, who heads the overseas subsidiaries, has joined the board. Building distribution is temporarily headed by Philippe Audureau as chairman of the board, in collaboration with the other members of top management and the business heads.