Cement News tagged under: Cementos Pacasmayo
Pacasmayo posts 36% net profit advance in 3Q2401 November 2024, Published under Cement NewsPeru-based Cementos Pacasmayo SAA reported a 0.2 per cent uptick in revenues for the third quarter of 2024 to PEN517.8m (US$137.5m) from PEN516.7m in the year-ago period. Concrete and precast sales increased thanks to the Piura airport project and the recovery of public sector investment. However, sales volumes of cement and concrete and precast products fell by 4.4 per cent as bagged cement sales fell YoY. Consolidated EBITDA improved 19.9 per cent YoY to PEN154.6m, which the company at... |
Cementos Pacasmayo reports stable net profit in 1H2423 July 2024, Published under Cement NewsPeru-based Cementos Pacasmayo SAA reported a 3.4 per cent uptick in income to PEN457.1m in the second quarter of 2024 from PEN442m in the 2Q23, supported by the sales mix as concrete and prefabricated sales increased due to the Piura airport project and the recovery of public investment. However, a contraction in the demand for bagged cement saw total sales volumes decrease by 5.8 per cent. Of total sales, cement represented a sales value of PEN369.6m in the 2Q24, down from PEN383.5m in th... |
Cementos Pacasmayo reports 14% advance in 1Q net profit07 June 2024, Published under Cement NewsPeru-based Cementos Pacasmayo SA reported a 7.2 per cent decline in cement, concrete and prefabricated product sales in the first quarter of 2024 to 685,700t from 738,600t in the 1Q23. Net sales slipped by 0.7 per cent to PEN476.5m in the 1Q24 from PEN480m in the year-ago period. However, the company was able to report a 9.6 per cent YoY uptick in operating profit to PEN95m from PEN86.7m in the 1Q23. Net profit was up 13.8 per cent YoY to PEN49.5m from PEN43.5m over the same period, resu... |
Cementos Pacasmayo reports 3% EBITDA gain in 3Q2327 October 2023, Published under Cement NewsPeru-based Cementos Pacasmayo has reported a revenue of PEN516.7m in the third quarter of 2023, a 6.7 per cent decline when compared with the 3Q22. Dispatch volumes of cement, concrete and prefabricated products fell by 11.5 per cent YoY. “A contraction in demand was observed due to the stagnation of the execution of public investment, a contraction in the self-construction segment and a slowdown in private investment,” said a report from financial broker Kallpa SAB. Consolidated EBITDA... |
Cementos Pacasmayo sees 9% drop in 2Q net profit24 July 2023, Published under Cement NewsPeru-based Cementos Pacasmayo reported a 12.1 per cent YoY drop in revenues to PEN442m (US$123.4m) in the second quarter of 2023, due to a drop in demand, which was affected by severe rainfall due to cyclone Yaku and a stagnation in public investment as a result of new regional authorities. Sales volumes of cement, concrete and precast fell by 17.9 per cent YoY. The company achieved consolidated EBITDA of PEN112.7m, down 6.5 per cent YoY, due to reduced revenues. However, it saw a consol... |
Cementos Pacasmayo 1Q net profit down by 5%11 May 2023, Published under Cement NewsRevenues of Peru-based Cementos Pacasmayo SA declined 8.6 per cent YoY to PEN480m (US$131.4m) in the first quarter of 2023. "The intense rains that hit the north of the country, produced by Cyclone Yaku, affected the company's operations, especially in February and March. The foregoing was offset by the increase in average cement and concrete prices compared to 1Q2022," according to a report from Kallpa SAB. EBITDA decreased by 5.3 per cent YoY to PEN120.7m in the 1Q23. However, the EBI... |
Cementos Pacasmayo reports 15% increase in 2022 net income15 February 2023, Published under Cement NewsPeru-based Cementos Pacasmayo saw its revenues increase by 1.7 per cent YoY to PEN533.8m (US$138.8m) in the fourth quarter of 2022, mainly due to an increase in average prices of bagged cement as inflation affected the company’s raw material and energy costs. Sales volumes of cement, concrete and precast in the 4Q22 decreased 1.7 per cent from peak levels in the 4Q21. In the last quarter of 2022, the company reported a 14.5 per cent YoY decline in consolidated EBITDA to PEN121m, mainly ... |
Cementos Pacasmayo posts 9% increase in revenue in 3Q2201 November 2022, Published under Cement NewsPeru-based Cementos Pacasmayo has announced a 9.1 per cent increase in revenue in the 3Q22, compared to the same period a year earlier. According to the company, the increase is due to higher average prices of bagged cement, as inflationary pressures continue to impact on raw materials and energy costs. Sales volumes of cement, concrete and precast over the 3Q22 fell by 5.9 per cent YoY, mainly due to moderation in sales volumes from the peak levels reached in 2021. When compared to the 2Q... |
Cementos Pacasmayo shows improved 2Q and 1H results26 July 2022, Published under Cement NewsPeru-based Cementos Pacasmayo SAA announced its consolidated results for the second quarter of 2022 and the six months ended 30 June 2022. 2Q22 In the second quarter of 2022 revenues increased 14.1 per cent YoY on the back of an increase in average prices of bagged cement. Sales volumes of cement, concrete and precast declined 1.9 per cent when compared with the peak levels in the 2Q21. Consolidated EBITDA advanced 33.9 per cent YoY to PEN120.5m thanks mainly to higher operating profit.... |
Cementos Pacasmayo posts 44% rise in 1Q net income28 April 2022, Published under Cement NewsPeru-based Cementos Pacasmayo reported a 13 per cent YoY increase in revenues to PEN525.4m (US$137.3m) in the 1Q22, primarily due to the rise in average prices of bagged cement as sales volumes of cement, concrete and precast fell by 5.3 per cent from 933Mt in the 1Q21 to 883.8Mt in the 1Q22. Although the company was impacted by a temporary decrease in sales to reconstruction-related projects and self-construction, the market has seen a pick-up in March. Consolidated EBITDA advanced 21.3... |