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Argos’ revenues up 26% at half-year closing

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World Cement,

Argos is seeing the results of over one decade of internationalisation, with 60% of its revenues being generated abroad.

For the first semester of the year, the organisation obtained revenues of COP 3.5 trillion, which was 26% more than in the same period in 2014, and an EBITDA of COP 678 billion, or 31% higher than the one reached during the first half year of last year.

Cementos Argos closed the first half of the year with an upturn of 14% in cement dispatching (6.8 million metric t) and of 4% in concrete dispatching (5.5 million m2).

During the second quarter of the year, economic results were complemented with initiatives in the social dimension, such as the delivery of four new educational institutions in Colombia that will benefit students in the departments of Antioquia, Atlántico, Córdoba and Sucre.

Adapted from press release by Joseph Green

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