Cement News tagged under: Cementarnica Usje

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Usje posts 41% net profit drop in 9M22

24 October 2022, Published under Cement News

Cementarnica Usje , the North Macedonian subsidiary of Titan, reported a drop in net profit by 41 per cent to MKD621.2m (US$9.9m) in the first nine months of 2022 when compared with the year-ago period. The company’s operating expenses increased 46 per cent YoY to MKD4.1bn in the 9M22 on the back of higher material costs, which were up 78 per cent to MKD2.5bn. Operating revenue expanded by 22 per cent YoY to MKD4.8bn with domestic sales increasing 24 per cent YoY to MKD3.1bn and exports ...

Cementarnica Usje posts 8% revenue increase

29 October 2021, Published under Cement News

North Macedonia’s Cementarnica Usje has announced a seven per cent YoY fall in net profit to MKD1.1bn (US$20.7m) in the first nine months of 2021. Operating revenue advanced eight per cent to nearly MKD4bn in the 9M21. Domestic sales increased five per cent to MKD2.5bn, while sales on foreign markets rose 21 per cent to MKD1.4bn. The company’s operating expenses were up 19 per cent YoY MKD2.8bn in the January-September period.

Cementarnica Usje reports 5% rise in profit

11 May 2021, Published under Cement News

North Macedonia's Cementarnica Usje (Titan group) has reported a 5.1 per cent YoY decline in net profit to MKD182.1m (US$3.6m) in the first quarter of 2021. However, operating revenue increased 9.4 per cent to MKD924.8m. Domestic sales advanced 9.6 per cent to MKD623.4m, while sales from foreign markets rose 24.3 per cent to MKD272.9m. Operating expenses grew 7.6 per cent YoY to MKD699.9m in the first quarter, as costs for materials were up by 84.9 per cent to MKD64.7m.

Cementarnica Usje sees profit up 20%

05 March 2021, Published under Cement News

North Macedonia's Cementarnica Usje (Titan) has seen a 20 per cent YoY increase in net profit to MKD1.5bn (US$29.3m) for 2020. Operating revenue edged up to MKD5.06bn from MKD5.03bn in 2019. Domestic sales rose three per cent YoY to MKD3.2bn, while sales on foreign markets fell 2.6 per cent to MKD1.6bn. Operating expenses also dropped by 5.9 per cent YoY to MKD3.4bn in 2020, as costs for materials were down 11.5 per cent to MKD1.5bn.

Cementarnica Usje BoD president resigns

22 January 2021, Published under Cement News

The president of the Board of North Macedonia-based Cementarnica Usje, Konstantinos Derdemezis, has resigned due to undisclosed reasons. The position will be filled by Yanni Paniaras until the next shareholders’ meeting, said the company in a bourse filing. Mr Paniaras is serving as delegated director in the Board of Directors of Greece-based Titan, Cementarnica Usje’s parent company.

Cementarnica Usje sees profit up 22%

16 March 2020, Published under Cement News

North Macedonia’s Cementarnica Usje (Titan Cement) has reported a 21.5 per cent YoY rise in profit to MKD1.27bn (US$23.15m) in 2019. Domestic sales advanced 8.2 per cent to MKD3.15bn, while international sales climbed 8.7 per cent to MKD1.64bn. Operating revenue increased by 9.5 per cent to MKD5.03bn.

Cementarnica Usje sees 21% net profit rise

11 November 2019, Published under Cement News

North Macedonia-based Cementarnica Usje reported a 21 per cent YoY consolidated net profit rise to MKD939.8m (US$16.8m) in the January-September 2019 period. The Titan-owned company’s operating revenue increased seven per cent to MKD3.58bn in the first nine months of the year. Domestic sales rose by five per cent YoY to MKD2.26bn while export sales increased by 10 per cent YoY to MKD1.20bn. Operating expenses were up two per cent to MKD2.54bn as expenses for materials rose three per cent...

Cementarnica Usje records 47% rise in net profit for 1Q19

21 May 2019, Published under Cement News

North Macedonia’s Cementarnica Usje (Titan) has announced that its consolidated net profit rose 47 per cent YoY to MKD138.8m (US$2.5m) in the first quarter of 2019. Total operating revenue increased 32 per cent to MKD851.9m in the 1Q19, while expenses advanced one per cent to MKD661.5m. Domestic market sales were up 31 per cent at MKD562.6m in the first three months of the year, while international sales surged 38 per cent to MKD266.8m.

Cementarnica Usje announces fall in 2018 net profit

08 March 2019, Published under Cement News

Macedonia’s Cementarnica Usje has reported a four per cent fall in non-consolidated net profit to MKD1bn (US$18.4m) in 2018. The company’s total operating revenue remained fairly consistent YoY at MKD4.59bn, compared with MKD4.58bn in 2017. Domestic market sales increased three per cent YoY to MKD2.9bn, while foreign sales declined three per cent to MKD1.5bn. The company’s operating expenses advanced four per cent to MKD3.47bn during the period.

Cementarnica Usje reports 10% fall in net profit

28 November 2018, Published under Cement News

Macedonia’s Cementarnica Usje has reported a 10 per cent YoY fall in its consolidated net profit to MKD777.7m (US$14.3m) for the 9M18, while operating revenue dropped three per cent to MKD3.35bn. The decline in operating revenue has been attributed to lower revenue from foreign markets in the first nine months of the year, which decreased six per cent to MKD1.1bn. Domestic sales revenue remained flat at MKD2.15bn.