Cementarnica Usje's net profit falls 13% in 1H18

The consolidated net profit of Macedonian building materials producer Cementarnica Usje, part of the Titan Cement group, fell by 13 per cent YoY to MKD432.5m (US$8m) in the first half of 2018, the company said on Thursday.

Cementarnica Usje's operating revenue fell nine per cent YoY to MKD1.96bn in the first six months of the year, according to data from its interim financial statement.

The company's domestic market sales revenue dropped four per cent to MKD1.28bn, while sales abroad declined 18 per cent to MKD600.4m.

Meanwhile, Cementarnica Usje's operating expenses rose two per cent to MKD1.59bn in the review period. Cost of goods sold increased 11 per cent to MKD265.4m, while expenses for materials grew one per cent to MKD727.4m.