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News Solid start to 2025 for Trinidad Cement

Solid start to 2025 for Trinidad Cement

Written by Global Cement staff 02 May 2025
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Trinidad & Tobago: Cemex subsidiary Trinidad Cement (TCL) has reported a strong start to 2025, posting a net profit attributable to shareholders of US$3.8m in the first quarter of the year. This represents a significant turnaround from the US$1.1m loss recorded in the first quarter of 2024, with TCL reporting higher revenues and ongoing cost management initiatives. TCL attributed this to a series of necessary price rises, the most recent of which took effect in February 2025.

TCL’s revenue for the first quarter of 2025 rose by 9% year-on-year US$92.2m, up from US$84.4 in the first quarter of 2024. Its gross profit climbed to US$27.4m, which the company attributed to improved sales volumes and operational efficiencies across its regional markets, including Trinidad & Tobago, Jamaica, Barbados and Guyana.

Last modified on 07 May 2025
Published in Global Cement News
Tagged under
  • Trinidad & Tobago
  • Trinidad Cement
  • Trinidad Cement Limited
  • Results
  • cost reduction
  • Americas
  • GCW708
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