North Macedonia: Cementarnica Usje, part of Greece’s Titan Cement, said that its net profit plunged by 47% year-on-year to €2.6m in the first three months of 2025. This was despite just a 2% decrease in total operating revenues, which came in at US$19.5m over the three-month period. Total operating expenses grew by 22% year-on-year to US$15.2m, mostly due to higher costs for raw materials.
