Monarch Cement sees 7% net profit rise in 2Q17

Monarch Cement sees 7% net profit rise in 2Q17
14 September 2017

The Monarch Cement Co reported in a SEC filing a one per cent YoY increase in consolidated sales from US$45,105,834 to US$45,593,593 in 2Q17. Net profit rose by seven per cent to US$6,026,881 in 2Q17 from US$5,635,139.

For the six months ended 30 June 2017, the company’s consolidated net sales reached US$76.835m, up 2.9 per cent from US$74.673m in 1H16.

Monarch Cement primarily supplies cement to the markets of Kansas, Iowa, southeast Nebraska, western Missouri, northwest Arkansas and northern Oklahoma. The company’s sales are mainly to contractors, ready-mixed concrete plants, concrete products plants, building materials dealers and government agencies. Its production facility in Humboldt (KS) allows the company to produce over 1Mta of cement.

Published under Cement News