Cyprus Cement Public Company reports profit growth for first half of 2026

The Cyprus Cement Public Company announced a rise in net profit to €5.4 million for the first half of 2026, ending on June 30, compared to €4.6 million during the same period in 2025. Basic earnings per share also increased to 3.94 cents from 3.38 cents. The interim condensed consolidated financial statements were approved by the company's board on September 28, 2026.

This growth was primarily driven by an increased contribution from its associate, Vassiliko Cement Works Public Company Ltd, which provided a profit share of €5.9 million compared to €4.9 million in 2025. Additionally, the company reported income of €207,000, up from €193,000 the previous year. Cyprus Cement operates largely as an investment entity focused on land development rather than active production. Regarding future prospects, the board noted that results for the remainder of 2026 may fluctuate due to prevailing market uncertainties, making reliable forecasts difficult at this time.