Vassiliko Cement posts €12.7m profit in H1

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Vassiliko Cement posts €12.7m profit in H1
 © BusinessMail 2017
By Stelios Orphanides

Vassilico Cement Works Plc said that it generated a net profit of €12.7m in the first six months of 2017 against €12.1m in the respective period of 2016.

Total revenue rose in the first six months of the year to €52.8m, from €49m, the previous year, the cement producer said in a statement on the Cyprus Stock Exchange website on Thursday.

Cost of sales rose to €35.1m, from €30.4m, and distribution costs fell to €2.4m, from €2.7m, respectively. As a result, operating profit before the cost of finance dropped to €13.3m, from €14m.

The rise in taxation in...


Vassiliko Cement posts €12.7m profit in H1


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