The Monarch Cement Co posted unaudited net sales of US$38.7m in the first quarter of 2025, down 22.8 per cent from US$50.1m in the year-ago period. Of this total, the company’s cement business accounted for US$30.3m, down 3.8 per cent YoY, while the ready-mix concrete operations saw net sales of US$14.4m, reporting a 39.5 per cent drop in net sales when compared with the 1Q24.
Gross profit from operations slipped 18.8 per cent to US$11.7m in the January-March 2025 period from US$14.4m in the January-March 2024 period.
However, the company’s income before taxes fell 86.4 per cent to US$2.8m in the 1Q25 from US$20.6m in the 1Q24 as a US$12.3m unrealised loss on equity investments weighed heavily on income.
The Monarch Cement Co’s net income came in at US$2.7m, 83.7 per cent below the 1Q24 level of US$16.6m.
