Cement News tagged under: Macedonia
Macedonia: Usje's unconsolidated net profit falls11 March 2015, Published under Cement NewsMacedonia's sole cement producer Usje said on Tuesday its unconsolidated net profit fell five per cent to MKD1.46bn (EUR23.7m) in 2014. Operating revenue rose two per cent to MKD4.12bn last year, while operating costs were two per cent lower at MKD2.56bn, Usje said in an unconsolidated financial statement filed with the Macedonian Stock Exchange. Usje is owned by Greek building materials manufacturer Titan Cement. |
Macedonia: Cementarnica Usje net profit climbs 13% YoY12 November 2014, Published under Cement NewsMacedonia’s sole cement producer Cementarnica Usje AD Skopje said its net profit for the first nine months of 2014 climbed by 13 per cent to MKD1.25bn (EUR20.2m). Operating revenue rose six per cent to MKD3.1bn through the first nine months of this year, while operating costs remained flat at some MKD1.9bn, the company said in an unconsolidated financial statement to the Macedonian Stock Exchange. Usje is owned by Greek cement major Titan Cement, which releases its nine-month results t... |
Cementarnica Usje 1H14 net profit up 28% YoY27 August 2014, Published under Cement NewsMacedonian producer Cementarnica Usje AD Skopje said on Tuesday its consolidated net profit rose 28 per cent to MKD789.2m (EUR12.8m) in the first half of 2014. Operating revenue rose by 15 per cent to MKD2bn in the six months to the end of June while operating costs increased five per cent to MKD1.3bn, Usje said in a consolidated financial statement. Usje is Macedonia’s sole cement producer, owned by Greek cement major Titan by means of a 94.8 per cent stake. Its 0.9Mta production plant ... |
Cementarnica Usje Skopje quarterly net profit more than doubles15 May 2014, Published under Cement NewsMacedonian producer Cementarnica Usje Skopje said on Wednesday its net profit more than doubled to MKD301.4m (US$6.7m) in the first quarter of 2014 from MKD140.6m a year ago. The country's sole cement manufacturer saw operating income rise by 49 per cent YoY to MKD841.9m in the first quarter while operating costs increased by an annual eight per cent to MKD568.5m, Usje said in its income statement sent to Macedonian Stock Exchange. The company, owned by Titan, operates a 0.9Mta plant loca... |
Macedonia: Cementarnica Usje Skopje net profit increases 12% YoY28 February 2014, Published under Cement NewsMacedonia’s sole cement producer, Cementarnica Usje Skopje, reported that non-consolidated net profit rose 12 per cent to MKD1.48bn (EUR24m) in 2013. Revenue fell by five per cent YoY to MKD3.9bn while operating costs decreased to 14 per cent to MKD2.6bn, the company said in its non-consolidated financial statement to the Macedonia Stock Exchange. The company is 94.8 per cent owned by Greece-based Titan Cement. Its 0.9Mta plant is located at Usje, near the country’s capital Skopje and a... |
Cementarnica Usje 1H net profit declines, Macedonia30 August 2013, Published under Cement NewsMacedonia’s sole cement producer Cementarnica Usje AD Skopje reported consolidated net profit in the first half of the year fell to MKD616.4m (EUR10m) from MKD741.3m a year ago. Operating income fell 13 per cent YoY to MKD1.8bn in the first six months of the year while operating costs were down MKD1.23bn from MKD1.37bn the year before. The company, owned by Titan, has a 0.9Mta production plant located at Usje, near Macedonia’s capital Skopje and around 20km from the Kosovo border. Last... |
Cementarnica Usje 2012 net profit falls, Macedonia03 May 2013, Published under Cement NewsMacedonia’s sole cement producer Cementarnica Usje said its consolidated net profit fell to MKD1.32bn (EUR21.4m) in 2012 from MKD1.92bn a year earlier. Sales revenue fell 18 per cent to MKD3.76bn last year while operating profit decreased MKD1.28bn from MKD1.92bn. Despite Macedonian cement demand made solid gains in 2011 when it advanced 24 per cent to 0.82Mt from 0.66Mt the year before. However, much of this advance was surrendered in 2012 with forecasts indicating that demand fell 18 pe... |
Cementarnica Usje Skopje net profit falls, Macedonia01 November 2012, Published under Cement NewsMacedonian cement producer Cementarnica Usje Skopje said its nine-month consolidated net profit fell to MKD1.19bn (US$25.1m) from MKD1.56bn a year ago. Operating income declined by 12 per cent to MKD3.48bn in the first nine months 2012, while operating costs decreased by four per cent to MKD2.31bn, Usje said in its consolidated income statement sent to Macedonia’s Securities and Exchange Commission. Usje, Macedonia’s sole cement producer, is owned by Greek building materials manufacture... |
IFC invests in Titan's operations in Western Balkans27 June 2012, Published under Cement NewsTitan Cement announced the completion of a EUR50m equity investment by the International Finance Corporation (IFC) in Titan’s subsidiaries in the Western Balkans region including Macedonia, Serbia and Kosovo. The transaction results in IFC holding, through Titan Cement Cyprus, a minority stake of approximately 11.5 per cent in Titan’s operations in the aforementioned countries. The Greece-based cement producer said in a statement: “The collaboration in the region with an institution su... |
Usje Cementarnica 1Q net profit falls 47%, Macedonia31 May 2012, Published under Cement NewsMacedonian cement producer Usje Cementarnica said its consolidated net profit fell 47 per cent YoY to MKD101.8m (EUR1.6m) in the first quarter of 2012. Operating income fell 20 per cent YoY to MKD627.5m through March, while operating costs decreased by 9% to MKD538.1m. The company is a 94.8 per cent-owned subsidiary of Greece-based Titan Cement Company. It operates a single cement works located at Usje, near the Macedonian capital Skopje, only some 20km from the border with Kosovo. The... |