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.