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News Caribbean Cement’s earnings drop amid increased costs in first half of 2022

Caribbean Cement’s earnings drop amid increased costs in first half of 2022

Written by Global Cement staff 02 August 2022
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Jamaica: Caribbean Cement recorded operating earnings of US$28.2m in the first half of 2022, down by 2% from US$28.8m in the first half of 2021. The company’s net income also fell by 2%, to US$19.7m, despite a 10% rise in sales to US$88.5m. The company attributed its decline in earnings to increased operational expenses amid a ‘downturn in the global economy.’

Last modified on 03 August 2022
Published in Global Cement News
Tagged under
  • Jamaica
  • Caribbean Cement
  • Results
  • economy
  • GCW568

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