International Cement Group’s profit surges in H1

The group said it was driven by stronger operational performance.

International Cement Group’s net profit attributable to shareholders surged to $14.9m during the first half of the year.

The group said it was driven by stronger operational performance and improved foreign exchange conditions.

Revenue increased by $55.5m, bringing total revenue to $165.1m due to higher sales from the Kazakhstan operations, supported by contributions from the new Korcem cement plant.

Adjusted earnings before interest, taxes, depreciation, and amortisation rose to $45.9m during the period.

Basic and diluted earnings per share stood at $0.26.

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