Nov 3, 2009
Caribbean Cement Company Reports A Loss
Although Caribbean Cement Company posted an increase in revenue for the nine-month period ended September 30, 2009, it was insufficient to offset steep interest expenses and soaring foreign exchange losses. As a result, Caribbean Cement Company swung to a loss of J$0.09 per share from earnings per share of J$0.25 year-over-year.
In Q03 2009, loss per share widened to J$0.34 from J$0.07 year-over-year. Carib Cement is still strapped for cash, as seen with its negative cash and cash equivalents balance of J$82.73M at the end of the period.