Net income up 31.4% for Cementos Pacasmayo in 1Q15
Peruvian cement manufacturer Cementos Pacasmayo S.A.A. achieved an increase in both net income and consolidated EBITDA in 1Q15. The latter grew by 10.5% from S/.80.7 million in 1Q14 to S/.89.2 million in 1Q15. Net income rose by 31.4% y/y to S/.52.3 million, boosted by a higher gross profit and positive exchange rates. Cementos Pacasmayo’s gross margin also improved, increasing from 40.6% to 43%. However, cement sales volumes fell by 5.6% y/y. This decline has been attributed to lower demand from the public sector.
The Piura cement plant project is on track in terms of both time and budget. Electrical work has commenced and almost all equipment is now onsite.
Adapted from press release by Louise Fordham
Read the article online at: https://www.worldcement.com/the-americas/05052015/cementos-pacasmayo-1q15-results-775/
You might also like
The World Cement Podcast - CleanTech & Venture Capital
Our guest for this episode of the World Cement Podcast is Alfredo Carrato, Venture Capital Advisor for CEMEX Ventures. Listen in to the conversation as World Cement's Senior Editor, David Bizley, and Alfredo discuss the role of venture capital and cleantech in enabling the cement industry's green transition.
Tune in to the World Cement Podcast on your favourite podcast app today.