Displaying items by tag: Cementarnica Usje
Cementarnica USJE takes new loans
17 November 2023North Macedonia: Titan Cement Group subsidiary Cementarnica USJE has secured the approval of its shareholders to take two new loans. In a submission to the Macedonian Stock Exchange, the company said that it plans to take one loan of between Euro9m and Euro18m from Titan Global Finance, and another of not more than Euro9m from Sharrcem Kosovo.
Profit falls at Cementarnica Usje in North Macedonia
06 March 2023North Macedonia: Cementarnica Usje, part of Greece-based Titan Group has announced a 13% year-on-year fall in its net profit to Euro16.3m in 2022. It said that the decline in profit was a direct result of rising input prices.
Cementarnica Usje's operating expenses rose by 41% to US$100m in 2022, as costs for materials rose 67% to US$60m. Operating revenue grew by 25% to Euro108m. Domestic sales rose by 26% to Euro66.6m, while export sales rose by 26% to Euro37.3m.
North Macedonia: Konstantinos Derdemezis has resigned as president of Cementarnica Usje, a subsidiary of Greece-based Titan Group. No reason for the departure has been disclosed, according to See News. Yanni Paniaras has been appointed to cover the position until the company’s next shareholders meeting.
Usje profit falls in 2018
07 March 2019North Macedonia: Cementarnica Usje, part of the Greek Titan Cement group, reported that its non-consolidated net profit fell by 4% year-on-year in 2018 to Euro16.3m. Its total operating revenue edged up to Euro75m in 2018 from Euro74m in 2017. Domestic market sales rose by 3% to Euro47m, while sales abroad fell 3% to Euro24m.
Cementarnica Usje profit up 11%
31 August 2016Macedonia: Cementarnica Usje, Titan Cement’s Macedonian subsidiary, has announced that its first-half consolidated net profit increased by 11% year-on-year to Euro9.3m, mainly due to higher operating revenue and lower financial expenses.
The company's consolidated operating revenue rose by 9% year-on-year to Euro33.1m in the first half of 2016, while operating expenses grew by 10% to Euro23.6m. Operating profit rose by 7% year-on-year to Euro10.2m.