Unacem reports 12% fall in sales in 9M23

Peru-based cement producer Unacem has reported an 11.6 per cent drop in cement production to 4.38Mt in the opening nine months of 2023. Clinker production over the same period declined 7.5 per cent to 4.3Mt. Cement sales over the 9M23 also contracted, down 11.7 per cent to 4.38Mt YoY, with a 13.8 per cent YoY contraction seen in the 3Q23. However, this did mark a 6.2 per cent increase compared to the previous quarter.

Unacem’s revenue over the 9M23 came in at PEN2.04bn (US$526m), down slightly on the PEN2.1bn reported in the same period a year earlier. Meanwhile, net profit fell from PEN693m to PEN778m, reports BNAmericas.

Looking at the 3Q23 alone, cement production stood at 1.5Mt, marking a QoQ increase from 1.44Mt in the 2Q23, while cement sales advanced from 1.41Mt to 1.5Mt over the same period. Clinker exports over the 3Q23 came in at 174,000t, up almost 30 per cent YoY.