Caribbean Cement reports lower profits in 2017

Jamaica-based Caribbean Cement Ltd reported profits of JMD1.1bn (US$8.65m), down from JMD1.3bn in 2016, according to RJR news.

Company profits were impacted by the shutdown of a clinker line for maintenance in the second quarter, which resulted in a loss of JMD89m (compared to a profit of JMD359m in 2Q16).

Revenues increased to JMD16.5bn when compared with JMD15.7bn the previous year.