Jamaica-based Caribbean Cement Co Ltd, part of the TCL Group, posted its unaudited first-quarter 2025 results, reporting a 7.7 increase in revenue to JMD8.204bn (US$51.8m), up from JMD7.618bn in the 1Q24.
Operating earnings (before other income and expenses) saw a 0.6 per cent YoY uptick to JMD2.955bn from JMD2.938bn in the 1Q24, following a significant rise in administrative expenses as well as distribution and logistics costs.
The company's consolidated net income in the 1Q25 increased 3.4 per cent to JMD1.995bn from JMD1.929bn in terms of equivalent period of the previous year.
During the 1Q25 the company reduced its gross CO2 emissions by 35kg/t cement. The company attributes this a lower clinker factor and increased alternative fuel use. It aims to become a net-zero cement producer by 2050.
Caribbean Cement remains focussed on expanding its operations at its Rockfort plant in, Kingston, Jamaica. "Caribbean Cement Co has now entered the critical construction phase of its major kiln upgrade project with the installation of ducts, electrical systems and other key infrastructure currently in progress. The US$40m capacity expansion project, which is scheduled for completion later this year, will enhance our ability to meet local demand while also advancing our broader sustainability objectives by further reducing our carbon footprint," said the company.
