Peru’s Cementos Pacasmayo net profit up 4.1%

Cementos Pacasmayo saw its net income increase by 4.1 per cent to PEN48.8m (US$17.6m) in the third quarter compared to the same period of 2012.  Consolidated EBITDA rose by 17.6 per cent YoY to PEN90.2m.

In the first nine months of the year, net income advanced 0.5 per cent YoY despite a weak 2Q13. Consolidated EBITDA registered a 28 per cent rise.

In terms of cement sales, Pacasmayo noted a 3.5 per cent increase YoY with output up 3.3 per cent YoY.

Cementos Pacasmayo is the second-largest cement producer in the South American country and its 2.9Mta capacity produces cement mainly for the northern regions of the country. Last year, it became the first Peruvian company to list on the New York stock exchange and raised US$234m in its IPO.