Cementos Caribe reduces its profits by 3.4 per cent

Cementos Caribe reduces its profits by 3.4 per cent
Published: 06 February 2004

The Colombian company Cementos Caribe has reported net profits of 104,074 pesos (US$37.9m) in 2003, which is a fall of 3.4 per cent when compared with the 107,760 pesos (US$39.2m) of the previous year.  The company¹s board will meet on 5 March to propose to its shareholders an annual dividend of 450 pesos (US$0.16) per share, payable in four instalments. Last year, the company paid a dividend of 420 pesos (US$0.15). Cementos Caribe operates the bulk of the Grupo Argos capacity (10 plants, 8.8Mta) including the 1.5Mta Barranquilla and 1.2Mta Colclinker works.