Cement sales increase for Cementos Pacasmayo

Peru’s Cementos Pacasmayo has released its results for full-year 2012 and 4Q12. Sales volumes of cement increased by 16.6% y/y to reach 2.26 million t in 2012, with cement EBITDA rising by 7.9% y/y. Net income for the year came in at S/.159 million, up by a staggering 134.9% y/y.

In 4Q12, net income grew by 41% y/y to reach S/.39.9 million and cement EBITDA increased by 11.7% y/y. Cement sales volumes rose by 14.2% from 540 800 t in 4Q11 to 617 500 t in 4Q12. Net sales were 14.3% higher than the corresponding period in 2011. Sales were driven by improving financial conditions, particularly in the north of the country, as well as by greater public and private investment in construction works. Around 621 000 t of cement was produced during the quarter, up 14.7% y/y. Of this, 50 400 t was produced in the Rioja plant and 570 600 t in the Pacasmayo cement plant. Clinker production declined by 0.1% y/y in 4Q12 but increased by 4.2% y/y in full-year 2012.

Adapted from press release by Louise Fordham.

Read the article online at: https://www.worldcement.com/the-americas/21022013/cement_peru_cementos_pacasmayo_4q12_results_883/