Caribbean Cement earns revenues of US$131m in 2018

Caribbean Cement reported an improved financial performance in 2018 compared to 2017. Revenue earned for 2018 was JMD17.6bn (US$130.8m), representing an increase of six per cent YoY.
 
Profit before taxation for 2018 was JMD3.3bn, an increase of 118 per cent over the JMD1.5bn reached in the previous year. Net profit after tax for the period amounted to JMD2.5bn from JMD1.1bn in 2017.

Caribbean Cement terminated the lease with parent company Trinidad Cement in April 2018 with the acquisition of Kiln No 5 and Cement Mill No 5 (JMD14.9m).