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Caribbean Market Update

Trinidad Cement Profit Climbs, Caribbean Cement Company Net Plunges

Author: Mukesh Buch
Islandjournal.net
Last Update: 8:17 AM ET October 18 2014


Trinidad Cement Limited, the Trinidad-based cement producer reported revenue in the third-quarter ending in September jumped 3.6% to TT$513.7 million from TT$496 million in the same quarter last year.

Net income in the quarter surged 273% from a year ago to TT$31.7 million or 12.2 cents per share compared to TT$8.5 million or 2.5 cents per share.

Caribbean Cement Company Limited, the Jamaica-based cement producer reported revenue in the year quarter ending in December rose 2% to J$149.3 million from J$146.3 million in the last year.

Net income in the quarter plunged 53.7% from a year ago to J$78.2 million or 9 cents per share compared to J$168.9 million or 20 cents per share in the year ago earlier.


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