Peru: Unacem reports rise in 4Q14 income

Peruvian cement producer Unacem saw revenues increase 13.2 per cent to PEN516.5m (US$167m) in the last quarter of 2014 when compared with 4Q13. EBITDA rose 52.5 per cent thanks to clinker exports and despite higher fuel costs. Net profit increased 179.9 per cent YoY to PEN138.4m.

The company’s deliveries advanced 4.4 per cent YoY to 1.504Mt with the domestic market expanding 3.6 per cent over the period.

The output of Atocongo’s Kiln 1 and 2 pushed total Unacem production to 1.635Mt, up 31.4 per cent.