Cementarnica Usje records 47% rise in net profit for 1Q19

North Macedonia’s Cementarnica Usje (Titan) has announced that its consolidated net profit rose 47 per cent YoY to MKD138.8m (US$2.5m) in the first quarter of 2019. Total operating revenue increased 32 per cent to MKD851.9m in the 1Q19, while expenses advanced one per cent to MKD661.5m.

Domestic market sales were up 31 per cent at MKD562.6m in the first three months of the year, while international sales surged 38 per cent to MKD266.8m.