Hurricanes and poor markets hit Trinidad Cement’s sales in 2017

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Trinidad & Tobago: Storms and a poor market in Trinidad and Tobago have reduced Trinidad Cement’s sales in 2017. Its sales revenue fell by 9% year-on-year to US$254m in 2017 from US$280m in 2016. It made a loss of US$37.8m in 2017 compared to a profit of US$7.77m in 2016. However, the group reported that Jamaica was an exception and that it continued to display ‘robust’ economic growth that partly offset the group’s falling sales.

Last modified on 07 March 2018

URL: https://globalcement.com/news/item/7194-hurricanes-and-poor-markets-hit-trinidad-cement-s-sales-in-2017

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