Cement News tagged under: Macedonia

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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...

Macedonia: Cementarnica Usje non-cons net profit falls 5% in 2016

17 March 2017, Published under Cement News

Macedonia’s Cementarnica Usje, a subsidiary of Greece-based cement producer Titan, saw a five per cent YoY decrease in its non-consolidated net profit to MKD1.2bn (US$20.7m) in 2016 as a result of higher production costs. Non-consolidated operating expenses increased four per cent YoY to MKD3.14bn while operating revenue remained stable at MKD4.43bn. Operating profits fell six per cent to MKD1.3bn when compared with 2015. Financial revenues advanced 15 per cent to MKD23.4m while financ...

Macedonia: Usje's unconsolidated net profit falls

11 March 2015, Published under Cement News

Macedonia's sole cement producer Usje said on Tuesday its unconsolidated net profit fell five per cent to MKD1.46bn (EUR23.7m) in 2014. Operating revenue rose two per cent to MKD4.12bn last year, while operating costs were two per cent lower at MKD2.56bn, Usje said in an unconsolidated financial statement filed with the Macedonian Stock Exchange. Usje is owned by Greek building materials manufacturer Titan Cement.

Macedonia: Cementarnica Usje net profit climbs 13% YoY

12 November 2014, Published under Cement News

Macedonia’s sole cement producer Cementarnica Usje AD Skopje said its net profit for the first nine months of 2014 climbed by 13 per cent to MKD1.25bn (EUR20.2m). Operating revenue rose six per cent to MKD3.1bn through the first nine months of this year, while operating costs remained flat at some MKD1.9bn, the company said in an unconsolidated financial statement to the Macedonian Stock Exchange. Usje is owned by Greek cement major Titan Cement, which releases its nine-month results t...