InterCement reports volume growth in 1Q18
Published by Jonathan Rowland,
Editor
World Cement,
InterCement reported a 3.1% increase in cement and clinker volumes in 1Q18. According to its latest interim results, the company sold 5.79 million t of cement and clinker in the first three months of the year, compared to 5.62 million t in 1Q17.
“We had a good start,” said Paulo Deniz, InterCement’s Chief Financial Officer, “Volumes grew in 1Q, reverting the downward trend observed for this quarter since 2014.”
Volumes were supported by continued momentum in private construction and infrastructure in Argentina, where InterCement’s Loma Negra reported cement and clinker sales up 9.5% to 1.6 million t. Portuguese volumes were also up, benefitting from increased exports, while InterCement’s African operations reported a volume growth of 11.3%.
The company also reported an average price increase of 10.6% in local operating currencies, although this was offset by a depreciation of operating currencies against the euro. As a result, sales revenues were down 3.7% at €436.1 million.
Read the article online at: https://www.worldcement.com/the-americas/19062018/intercement-reports-volume-growth-in-1q18/
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