Trinidad Cement Ltd (TCL) reported net income of TTD62.1m (US$9.1m) for the first half of 2026, up from TTD22m in the corresponding period of 2025, despite weaker consolidated revenue.
Revenue declined four per cent YoY to TTD355.4m, reflecting weaker cement market conditions in Trinidad and Tobago and the closure of the group's Readymix concrete and aggregates business. This was partly offset by stronger volumes in Jamaica.
Gross profit increased 36 per cent to TTD144.7m, with the gross margin rising to 40.7 per cent from 28.8 per cent. Operating earnings before other expenses and income increased 64 per cent to TTD99m.
Jamaica generated TTD97.5m of operating earnings and remained the principal contributor to group performance, while Guyana and Barbados also recorded improved results. TCL's Trinidad and Tobago operations posted an operating loss amid difficult market conditions and higher fuel and natural gas costs.
