Cementos Argos - February 2016
The final quarter of 2015 saw Cementos Argos record 54 per cent growth in consolidated revenue to COP2.2trn (US$658.2m) while EBITDA jumped by 123 per cent YoY to COP409bn, representing an EBITDA margin of 19 per cent. Cement volumes for the quarter increased by 13 per cent to 3.6Mt and ready-mixed concrete volumes grew by three per cent to 2.9Mm3. According to the company, the growth in revenue was attributed to increased volumes in most areas, structural improvements in efficiencies and a well-implemented price strategy.