Updated: 13-05-2024 - 12:00PM 3 6 CLOSED
Nov 08, 2006
Trinidad Cement Limited (TCL) reported Earnings Per Share (EPS) of 38 cents for the nine months ended September 30, 2006 representing a 20.83 per cent decrease from the corresponding period in 2005. The decline in EPS was largely due to quality issues occurring in the first quarter at its Jamaican subsidiary, Caribbean Cement Company Limited (CCC). In comparison to Q3 2005 however, TCL’s EPS was up 12.50 per cent to 18 cents. The comparative quarterly results are impressive especially considering that Q3 2005’s EPS was affected by two hurricanes which interrupted production in 2005. Q3-06 is in fact the best quarter TCL has had for 2006 so far.