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May 06, 2015 4:56 PM ET

Construction Materials

Company Overview of Caribbean Cement Company Limited

Company Overview

Caribbean Cement Company Limited, together with its subsidiaries, manufactures and sells Portland cement in Jamaica. The company is also involved in the mining and sale of gypsum, shale, and pozzolan, as well as anhydrite. In addition, it engages in the management of port facilities; and provision of technical support services to commercial concrete producers and block manufacturers. The company was incorporated in 1947 and is based in Kingston, Jamaica. Caribbean Cement Company Limited is a subsidiary of TCL (Nevis) Limited.




Founded in 1947





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 Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Caribbean Cement Company Limited reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the period, the company has posted revenue of JMD 3,579,957,000 against JMD 3,604,194,000 a year ago. Earnings before interest, tax, depreciation and amortisation were JMD 438,710,000 against JMD 214,380,000 a year ago. Operating profit was JMD 345,243,000 against JMD 129,920,000 a year ago. Profit before taxation was JMD 288,041,000 against JMD 48,958,000 a year ago. Net profit for the year was JMD 247,959,000 against JMD 35,475,000 a year ago. Basic & diluted earnings per share were JMD 0.29 against JMD 0.04 a year ago. Net cash provided by operating activities was JMD 435,620,000 against JMD 196,340,000 a year ago.

Alejandro Vares to Assume General Manager - Caribbean Cement Company Limited, Effective May 04, 2015

Mr. Alejandro Vares will assume the position of General Manager - Caribbean Cement Company Limited with effect from May 04, 2015. Mr. Anthony Haynes, who served as General Manager of CCCL will continue with the Group as a consultant for the following six-month period.

Caribbean Cement Company Limited Auditor Raises 'Going Concern' Doubt

Caribbean Cement Company Limited filed its Annual on Mar 02, 2015 for the period ending Dec 31, 2014. In this report its auditor, Ernst & Young LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

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