Carribbean Cement 9M revenues up 8%, net profit down 28%

Caribbean Cement Co Ltd reported revenues of JMD13.239bn (US$98.4m) in 9M18, up 7.9 per cent from JMD12.265bn in the year-ago period.

EBITDA rose 58.8 per cent from JMD2.429bn in 9M17 to JMD3.857bn in 9M18 on the back of lower operational costs and increased plant efficiency. Operating profit advanced to JMD3.081bn, up 49.6 per cent when compared to 9M17.

However, net finance costs of JMD1.077bn and taxation of JMD0.7bn saw net profit fall by 27.6 per cent from JMD1.814bn in 9M17 to JMD1.313bn in 9M18.