Cementos Pacasmayo S.A.A. announces consolidated results for second quarter 2021
Published by Emily Thomas,
Deputy Editor
World Cement,
Cementos Pacasmayo S.A.A. and subsidiaries, a leading cement company serving the Peruvian construction industry, has announced its consolidated results for the second quarter (2Q21) and the six months (6M21) ended 30 June 2021. These results have been prepared in accordance with International Financial Reporting Standards (IFRS) and are stated in nominal Peruvian Soles (S/).
2Q21 Financial and Operational Highlights:
(All comparisons are to 2Q20, unless otherwise stated)
- Sales volume of cement, concrete and precast increased 257.2% mainly due to the continued increase in sales of bagged cement, to the self-construction segment and to the public sector for reconstruction related projects, and to the halt in commercialisation experience during 2Q20. If we compare volume to 2Q19, which did not have any external effects, the increase is 41.8%.
- Revenues increased 285.7%, mainly due to the continued increase in sales and to the halt in commercialization during 2Q20 mentioned above. When compared to 2Q19, revenues increased 37.0%.
- Consolidated EBITDA of S/90.0 million, an increase due to negative EBITDA during 2Q20 mainly due to the halt in sales of cement mentioned above, as well as the fixed costs derived from the halt in production during said quarter, as well as higher sales during 2Q21.
- Net income of S/27.7 million, an increase mainly due to the halt in commercialisation mentioned above, as well as increased sales during this quarter.
6M21 Financial and Operational Highlights:
(All comparisons are to 6M20, unless otherwise stated)
- Sales volume of cement, concrete and precast increased 124.1% mainly due to the continued increase in sales of bagged cement, to the self-construction segment and to the public sector for reconstruction related projects, and to the halt in commercialisation experience during 2Q20.
- Revenues increased 119.0%, mainly due to the continued increase in sales and to the halt in commercialisation during 2Q20 mentioned above.
- Consolidated EBITDA of S/195.2 million, a 193.1% increase due to the halt in sales of cement and the increase in fixed costs mentioned above.
- Net income of S/ 59.5 million, an increase mainly due the loss during 6M20 because of the halt in commercialisation mentioned above, as well as increased sales during this quarter.
Read the article online at: https://www.worldcement.com/the-americas/20072021/cementos-pacasmayo-saa-announces-consolidated-results-for-second-quarter-2021/
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