Cementarnica Usje sees 10% net profit fall in 9M17

Titan-owned Cementarnica Usje of Macedonia reported a net profit fall of 10 per cent YoY to MKD865.9m (US$16.4m) in the first nine months of 2017.

The company’s operating revenue rose three per cent YoY to MKD3.44bn, said the cement producer in a bourse filing. Operating expenses increased eight per cent  to MKD2.46bn when compared with the year-ago period.

Usje’s financial revenue rose by 14 per cent YoY to MKD19.1m, while financial expenses were MKD8.5m, up from MKD1.5m a year earlier.