Chile: Cbb has reported a profit of US$2m for the period January - June 2022, which represents a decrease of 74% year-on-year compared US$7.9m during the same period in 2021. The decrease came despite a 15.3% increase in revenues, which rose to US$169m. The company said that the difference could be mainly explained by lower margins from increased distribution costs and administration expenses.
Cbb profit drops by three quarters
Written by Global Cement staff
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