February 27, 2017 2:44 AM ET

Construction Materials

Company Overview of Caribbean Cement Company Limited

Company Overview

Caribbean Cement Company Limited, together with its subsidiaries, manufactures and sells cement and clinker in Jamaica. It is also involved in the mining, manufacture, and sale of gypsum, shale, and pozzolan, as well as anhydrite. In addition, the company manages port facilities; and operates spa facility. Further, it provides direct delivery services; technical support services to commercial concrete producers and block makers; and mobile silos to users of bulk cement. The company was incorporated in 1947 and is based in Kingston, Jamaica. Caribbean Cement Company Limited is a subsidiary of TCL (Nevis) Limited.

Rockfort

Kingston,  

Jamaica

Founded in 1947

Phone:

876-928-6231

Fax:

876-928-7381

Key Executives for Caribbean Cement Company Limited

Caribbean Cement Company Limited does not have any Key Executives recorded.

Caribbean Cement Company Limited Key Developments

Caribbean Cement Company Limited, Jamaica Gypsum and Quarry, Caribbean Gypsum Company and Rockfort Mineral Bath Appoints Alejandro Vares as Director to the Board Audit Committee

Caribbean Cement Company Limited (CCC) has advised that Mr. Alejandro Vares has been appointed as a Director to the board audit committee of Caribbean Cement Company Limited, Jamaica Gypsum and Quarry, Caribbean Gypsum Company and Rockfort Mineral Bath, effective January 26, 2017.

Caribbean Cement Company Limited Announces Executive Changes, Effective November 7, 2016

Caribbean Cement Company Limited announced that effective November 7, 2016, Mr. Peter Donkersloot Ponce will replace Mr. Alejandro Varés Leal as the Company's General Manager. Mr. Donkersloot Ponce has over ten years working experience in the Cement Industry, holding key positions in four different countries in Commercial Areas, Strategic Planning and General Management. TCL, being satisfied that Mr. Donkersloot Ponce is experienced and qualified to perform the role, has agreed to his appointment as General Manager of CCC, effective November 7, 2016.

Caribbean Cement Company Limited Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016

Caribbean Cement Company Limited reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported revenues were JMD 3,679,390,000 against JMD 4,236,080,000 a year ago. Earnings before interest, tax, depreciation and amortization were JMD 94,876,000 against JMD 827,212,000 a year ago. Operating loss was JMD 12,925,000 against profit of JMD 725,435,000 a year ago. Loss before taxation was JMD 27,466,000 against profit of JMD 706,008,000 a year ago. Net loss for the period was JMD 81,116,000 or JMD 0.10 basic and diluted per share against profit of JMD 616,668,000 or JMD 0.72 basic and diluted per share a year ago. Net cash provided by operating activities was JMD 1,140,757,000 against JMD 730,513,000 a year ago. Additions to property, plant and equipment was JMD 622,040,000 against JMD 66,603,000 a year ago. Despite a reduction in export cement and clinker volumes by 16% and 84%, respectively, total revenue increased by JMD 221 million. This was mainly due to the increase in local cement volumes by 18% arising from the good trend of the infrastructural projects and demand on retail which, however, were tempered by the inclement weather conditions during this quarter. For the nine-month period, the company reported revenues were JMD 11,984,522,000 against JMD 11,763,864,000 a year ago. Earnings before interest, tax, depreciation and amortisation were JMD 2,468,538,000 against JMD 1,980,471,000 a year ago. Operating profit was JMD 1,295,801,000 against JMD 1,684,714,000 a year ago. Profit before taxation was JMD 1,259,541,000 against JMD 1,702,160,000 a year ago. Net profit for the period was JMD 973,357,000 or JMD 1.14 basic and diluted per share against JMD 1,485,966,000 or JMD 1.75 basic and diluted per share a year ago. Net cash provided by operating activities was JMD 1,616,942,000 against JMD 1,963,497,000 a year ago. Additions to property, plant and equipment was JMD 1,015,543,000 against JMD 339,856,000 a year ago.

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