Complaints of widespread corruption against Cement Company Ha Giang forced authorities to act.

This is third consecutive year the Venezuelan firm has posted a loss.

Firm says value, volume of dispatches increased during the period.

Firm has also presented a sustainable development blueprint for 2012.

Firm saw its net income nearly double as a result of stronger sales.

Margins for smaller firms may be further compressed.

Firm says it has completed year long program that has cut debt by more than R15 bn.

Firm has put in a buy recommendation for the cement maker.

Firm has reported double digit turnover growth in the first two months of the year.

Company says operations improved in US, Russia, Mexico, but Italy, Central Europe continued to struggle.