Engro Corporation, the producer of eco-friendly speciality cement (also known as Granulated Blastfurnace Slag (GGBS)), says revenue for 3Q09 fell 13.4% to $34.2 million from $39.5 million in 3Q08 while profit attributable to shareholders rose 90.1% to $8.7 million from $4.6 million.

The group’s cement and building materials business grew 6% to $26.2 million despite the tough economic environment. Engro says the group’s speciality polymer business is withdrawing the colouring business. Instead, it will ramp up its higher value-added speciality toll compounding business from Q4.

As a result, the group’s revenue for the third quarter dipped 13% to $34.2 million compared to the same period a year ago.

For the 9 months, the group registered $96.4 million, down by 7% from the same period a year ago.

The group’s third quarter profit before tax is $8.8 million compared to $4.5 million a year ago mainly due to dividend contribution from its property development joint venture at Sentosa Cove with Ho Bee Group.

For the 9 months, the group’s profit before tax registered $23 million, up by 186% from the same period a year ago.