Jamaica-based Caribbean Cement posted operating profit of US$28.2m in the 1H22, representing a two per cent drop YoY from US$28.8m.
Net profit also slipped by two per cent YoY to US$19.7m, despite a 10 per cent increase YoY in sales to US$85.5m in the 2Q22.
The drop in earnings was attributed to increased operational expenses during a downturn in the global economy.

Power Cement reports positive 3Q and 9MFY24-25 results
Pakistan-based Power Cement Ltd posted PKR7.182bn (US$52.5m) in revenue for the quarter ended ...