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Titan cement group reports higher sales, operating profitability for Jan-Sep 2017

Greece-based Titan cement group on Thursday announced that it recorded on small increase in sales and operating profitability over the first nine-month period of 2017.

In a press release, the group said the development was mainly due to growth in the US market.

Consolidated turnover reached 1.14 million euros, posting 1.8-percent increase compared to the same period in 2016.

EBITDA increased by 4.6% to 214.5 million euros.

Net profit, after minority interests and the provision for taxes, stood at 33.1 million euros, compared to 121.9 million euros over the same period in 2016.