Greece’s Titan Cement posts Q4 loss

Greece’s Titan Cement posts Q4 loss

Greece’s second-largest cement maker Titan posted a fourth-quarter loss on Thursday, hurt by an impairment charge.

The company said it had a loss of 2.4 million euros in the final quarter of 2015 compared to a profit of 0.4 million euros during the same period in 2014.

Titan said it booked a 12.4-million-euro charge last year, after the company halted the construction of a cement plant in the United States.


Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.