Vassiliko Cement Works reports increased profit for first half of 2026

Vassiliko Cement Works Public Company Ltd announced an increase in its financial results for the first half of 2026, with profits reaching €23.2 million compared to €19.51 million during the same period in 2025. The board of directors approved the consolidated interim financial statements during a meeting held on July 30, 2026. The company’s revenue rose to €80.39 million from €77.48 million in the previous year, while gross profit increased to €29.13 million from €25.50 million.

Management attributed the positive performance to stronger domestic cement sales and improved clinker export prices. Despite facing higher fuel costs, the firm managed to partially offset these expenses through reduced electricity costs and ongoing initiatives aimed at enhancing production efficiency and controlling operational expenditures.

The company continues to emphasize its transition toward alternative fuels and is committed to targeted investments focused on improving energy efficiency and lowering carbon emissions. Extracts of the interim financial statements will be published in the local press, though the company will not mail physical copies to its shareholders.