Peru’s Cementos Pacasmayo saw its revenues rise 2.3 per cent YoY to PEN287.5m (US$87.8m) in 2Q18 as sales volumes of cement, concrete and precasts advanced 1.9 per cent YoY to 0.534Mt on the back of higher sales to medium-sized companies and the public sector.

Consolidated EBITDA reached PEN84.7m, up 9.7 per cent YoY in 2Q18 while the cement EBITDA margin increased by 2.5 percentage points to 30.3 per cent, mainly due to improved operational efficiencies.

Net income increased 10.3 per cent to PEN23.5m in 2Q17 as higher operating income rose.

First half 2018
For the first six months of 2018, sales volumes of cement, concrete and precasts advanced 4.8 per cent to 1.097Mt  when compared with the equivalent period in the previous year. The company attributed the rise to improved sales to the self-construction sector, medium-sized companies and the public sector.

Revenues were up by 7.5 per cent to PEN602.8m as sales volumes increased from PEN560.5m in 6M17 and the average price of cement rose in 1Q18.

Consolidated EBITDA in 6M18 increased 12.2 per cent YoY to PEN179m. The cement EBITDA margin edged up by 1.2 percentage points to 30.1 per cent when compared with 6M17.

The company also reported a 23.7 per cent hike in net income to PEN53.2m.

Cement output at the Pacasmayo, Rioja and Piura plants reached 0.524Mt, 0.121Mt and 0.44Mt, respectively. This resulted in a total cement production in 1H18 of 1.085Mt, up 3.9 per cent YoY. Clinker output at Pacasmayo, Rioja and Piura plants amounted to 0.438Mt, 0.098Mt and 0.336Mt, respectively and the total figure increased 15.9 per cent to 0.871Mt.