Friday 29 Mar 2024
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SINGAPORE (Aug 6): International Cement Group (formerly Compact Metal Industries), a cement producer and distributor in the Central Asia region, announced that its 1H20 earnings have increased by some 23% to S$6.0 million, from S$4.9 million in 1H19.

This translates to earnings per share of 0.1 Singaporean cent, up from 0.9 cent last year.

This came on the back of a 9% increase in revenue to S$63.1 million from S$58.0 million a year ago, thanks to a 17% increase in cement sales driven by higher demand for cement in Tajikistan.

However, the revenue growth was partially offset by y a 48% decline in revenue from the aluminium division, mainly due to the suspension of construction activities since the start of the circuit breaker period in Singapore and the cessation of the aluminium extrusion business in Malaysia since...(click on link for full story on theedgesingapore.com)

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