Cyprus Mail
Business

Vassiliko Cement Works posts €12.8m after tax profit in 2015

Vassiliko Cement Works Plc Co. said that it generated €12.8m in after-tax profit in 2015, compared with €5.2m in 2014, helped by an increase in export volume and export prices and measures to reduce expenses.

Overall revenue in 2015 rose 7 per cent to €90m while operating profit almost doubled to €17.8m, the company said.

The company, owned by the Cyprus Cement Plc Co, a member of the Galatariotis group, the Church of Cyprus and Italmed Cement Company, said that profit per share rose to €0.178 in 2015, from €0.072 in 2014.

Related Posts

More job cuts planned in banking sector

Kyriacos Nicolaou

Cyprus Business Now

Kyriacos Nicolaou

Mobile segment driving game industry growth

Kyriacos Nicolaou

The European Commission’s spring forecasts and some longer-term considerations

CM Guest Columnist

Russia’s Rosneft says German ex-chancellor Schroeder quits board

McDonald’s Russia franchisees to have option of working under new brand