Local cement manufacturer Caribbean Cement is reporting a $2.35 billion profit for the end of its second quarter.
This is higher than the $2.16 billion made after tax, for the similar April to June period in 2023.
While Carib Cement's earnings before tax was lower compared with the second quarter in 2023, the company faced lower tax charges and financial income.
This helped to counter higher expenses.
The quarter's performance brought Carib Cement's six-month earnings to $4.28 billion.
As for revenue, the company recorded a 3 per cent improvement to $7.7 billion in its second quarter.
Carib Cement says in the current July to September quarter, it will undertake its annual maintenance programme.
It also anticipates a fluctuation in the demand for cement, due to prevailing weather conditions.
The company is also continuing its planned expansion programme, which will reduce its carbon footprint, and increase production capacity by up to 30 per cent.
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