St Lawrence cuts Q1 losses

St Lawrence cuts Q1 losses
Published: 03 May 2006

St Lawrence Cement Group has recorded sales of US$178.1m for the first quarter of 2006 compared with US$140.3m for the same period last year, an increase of 26.9 per cent. The higher sales reflect the strong demand and higher selling prices for construction materials in the quarter.
 
 Sales volumes of cementitious products, total and ready-mix concrete increased in the first quarter compared with last year, reflecting an early start to the construction season as a result of good weather conditions in our markets. 
 
 With price increases in all products and higher demand for construction materials, the Ontario division increased sales to US$90.0m for the first quarter compared with US$80.1m for the same period last year. As a result, the operating loss decreased to US$12.3m compared with US$16.5m for the first quarter of 2005.