Greece’s Titan Cement appoints new strategy director

The Greek cement company Titan has confirmed that Mihalis Kolakidis was named as its new executive director to replace Mihalis Sigalas, who has resigned from his post.

In the first half of 2015, Titan Cement of Greece registered a 19.9% rise in its revenues, to €672.8 million and a net profit of €24.2 million in comparison with €2.9 million in the corresponding period in 2014.

In the period April-June 2015, the company posted a 25.8% rise in its revenues, to €389 million; a 40.2% increase in its EBITDA to €82.1 million, and a net profit of €17.6 million from €13.9 million.

Titan Cement of Greece has seen its revenues rise 18.9% to €1.03 billion from January to September, 2015, as compared to the same period in 2014.

Meanwhile, Titan also posted a 12.6% rise in its EBITDA, to €165.2 million, and a net profit of €36.2 million, from €30.5 million profit the previous year.