Jamaica: Caribbean Cement records profit in 2015

Jamaica-based Caribbean Cement recorded a 1 percent increase in earnings to USD 1.54 billion in 2015 as compared to USD 139 million in the same period a year earlier, reports Jamiaca Gleaner.

The increase in domestic sales increased the revenues to USD 15.4 billion in 2015 as compared to USD 14.4 billion in the same period a year earlier.

The EBITDA increased to USD 2.6 billion in 2015 as compared to USD 961 million in the same period a year earlier.

"The company benefited from improved operational practices, tight cost controls, and lower costs of fuels and energy," said an official from the company.