Chile based Cemento Polpaico posted a 0.4 per cent drop in revenues to CLP339.908bn (US$359.8m) in 2024 when compared with CLP341.136bn in 2023. The company’s cement sales volume in 2024 fell by 10 per cent to 1,466,375t while concrete sales volumes declined by six per cent YoY to 2,409,368m3.
"This smaller drop in sales compared to volumes is due to adjustments in prices and sales mix, driven by initiatives focussed on value and more profitable segments,” the company stated.
However, EBITDA increased by 85.9 per cent YoY to CLP28.058bn when compared with CLP15.09bn in 2023.
The company reported a net profit of CLP259.031m, a considerable improvement when compared with the net loss of CLP4.723bn reported in 2023.
