Cement News tagged under: Macedonia

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Usje sees 58% jump in net profit in 1Q24

01 May 2024, Published under Cement News

Cementarnica Usje AD of North Macedonia, part of the Titan group, reported a six per cent increase in domestic sales to MKD840.2m (US$14.6m) in the 1Q24 while export sales are up seven per cent YoY to MKD348.1m. The company also posted a three per cent YoY increase in operating revenue to MKD1.2bn in the first three months of 2024. Operating costs were down 10 per cent to MKD812.7m. As a result, net profit surged 58 per cent YoY to MKD299.9m.

Cementarnica Usje sees 9M net profit up 77%

01 November 2023, Published under Cement News

North Macedonia-based Cementarnica Usje , owned by Greek cement producer Titan, reported 77 per cent YoY increase in net profit to MKD1.1bn (US$19m) in the January-September 2023 period. The company’s operating expenses declined 17 per cent YoY to MKD3.4bn in the 9M23 as material costs fell 23 per cent YoY to MKD1.9bn. It total operating revenue slipped by two per cent YoY to MKD4.8bn in the 9M23.

Titan Group donates to fire prevention programme

04 July 2022, Published under Cement News

Titan Group and the Pavlou and Alexandra Kanellopoulou Foundation (PAKF) are donating EUR1m towards the prevention and response to forest fires, the reconstruction programme of northern Evia, the elaboration of climate risk studies and the implementation of an education and awareness programmes for fire prevention. The contribution to the Reconstruction Programme of Northern Evia includes the allocation of two special vehicles of firefighting and civil protection for the region...

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.

Cementarnica Usje's net profit falls 13% in 1H18

17 August 2018, Published under Cement News

The consolidated net profit of Macedonian building materials producer Cementarnica Usje, part of the Titan Cement group, fell by 13 per cent YoY to MKD432.5m (US$8m) in the first half of 2018, the company said on Thursday. Cementarnica Usje's operating revenue fell nine per cent YoY to MKD1.96bn in the first six months of the year, according to data from its interim financial statement. The company's domestic market sales revenue dropped four per cent to MKD1.28bn, while sales abroad decli...

Cementarnica Usje net profit falls in 1Q18

15 May 2018, Published under Cement News

Macedonian cement producer Cementarnica Usje has reported a 14 per cent YoY fall in non-consolidated net profit to MKD94.9m (US$1.8m) in the 1Q18, the company said in an interim statement. The Titan-owned company’s operating revenue during the first quarter of this year declined 14 per cent to MKD645.8m when compared with January-March 2017. Domestic sales fell 15 per cent YoY to MKD428.5m while exports contracted by 12 per cent to MKD194.5m over the three-month period. Meanwhile, Cem...

Cementarnica Usje net profit falls 9% in 2017

13 March 2018, Published under Cement News

Macedonia’s Cementarnica Usje reported a nine per cent YoY fall in its non-consolidated net profit to MKD1.09bn (US$61.8m) in 2017. The Titan-owned company’s operating profit decreased 10 per cent to MKD1.18 as operating expenses rose six per cent to MKD3.33bn, the cement producer said in a bourse filing. Operating revenues increased by three per cent to MKD4.58bn, driven by a 42 per cent YoY rise in export revenues to MKD1.56bn, which were able to set off a nine per cent contraction ...

Cementarnica Usje sees 10% net profit fall in 9M17

06 November 2017, Published under Cement News

Titan-owned Cementarnica Usje of Macedonia reported a net profit fall of 10 per cent YoY to MKD865.9m (US$16.4m) in the first nine months of 2017. The company’s operating revenue rose three per cent YoY to MKD3.44bn, said the cement producer in a bourse filing. Operating expenses increased eight per cent  to MKD2.46bn when compared with the year-ago period. Usje’s financial revenue rose by 14 per cent YoY to MKD19.1m, while financial expenses were MKD8.5m, up from MKD1.5m a year earlie...

Cementarnica Usje quarterly profit down 35%

16 May 2017, Published under Cement News

Macedonia's sole cement producer, Cementarnica Usje, said its net profit fell 35 per cent YoY to MKD110.8m (US$1.97m) in the first quarter of 2017. The company's operating revenue declined six per cent to MKD747.5m, whereas operating costs decreased four per cent to MKD562.9m. Cementarnica Usje AD Skopje, owned by Greece-based Titan Cement Co SA via its subsidiary Titan Cement Netherlands BV, operates a single 1.4Mta integrated cement works in Usje, some 20km northeast of the capital, Sk...