Trinidad Cement (TCL) posted revenues of 1.2bn Trinidadian dollars (US$195m) in 2003, a 2.1 per cent increase from 2002, the company said in a statement. Operating profit was US$43m, up 7.0 per cent from the previous year and pre-tax profits increased by 8.1 per cent to US$28m, while net profit increased by 2.5 per cent to US$19.7m for the period. This year the group has begun a capacity upgrade project for its plants in Trinidad and Jamaica estimated at US$120m, funded through a combination of internally generated resources and external financing, the company statement said. Trinidad and Tobago-based TCL also exports cement to St Martin, St Kitts, Anguilla, Nevis, St Lucia, St Vincent, Grenada, Suriname and Guyana. Published under Cement News
Trinidad Cement (TCL) posted revenues of 1.2bn Trinidadian dollars (US$195m) in 2003, a 2.1 per cent increase from 2002, the company said in a statement. Operating profit was US$43m, up 7.0 per cent from the previous year and pre-tax profits increased by 8.1 per cent to US$28m, while net profit increased by 2.5 per cent to US$19.7m for the period. This year the group has begun a capacity upgrade project for its plants in Trinidad and Jamaica estimated at US$120m, funded through a combination of internally generated resources and external financing, the company statement said. Trinidad and Tobago-based TCL also exports cement to St Martin, St Kitts, Anguilla, Nevis, St Lucia, St Vincent, Grenada, Suriname and Guyana. Published under Cement News
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