Cement News tagged under: Loma Negra Corp
Loma Negra reports surge in net profit for the 3Q2011 November 2020, Published under Cement NewsArgentina’s Loma Negra has seen its net revenue decrease 4.5 per cent YoY to ARS10.756bn (US$143m) in the third quarter of 2020, compared with ARS11.26bn in the year-ago period. However, adjusted EBITDA advanced 11.6 per cent to ARS3.389bn from ARS3.037bn in the 3Q19. The company’s net profit surged to ARS6.449bn from ARS83m in the corresponding period of 2019. Sales volumes of cement, masonry and lime in Argentina increased 2.9 per cent to 1.53Mt during the quarter, reflecting a sustai... |
Loma Negra sets its IPO at US$19/ADS01 November 2017, Published under Cement NewsLoma Negra Cia Industrial Argentina SA said on Tuesday its initial public offering was priced at US$19 per American Depository share (ADS), raising about US$954m (US$40.4m). The US$50.2m ADS offering was priced at the top of the proposed range of US$15 to US$19, with each ADS representing five common domestic shares. Most of the proceeds will go to InterCement Brasil SA, Brazil’s second-largest cement producer, which owns 99 per cent of Loma Negra. The rest will go to Loma Negra, the c... |
Loma Negra sets out the terms of its IPO13 October 2017, Published under Cement NewsArgentina's Loma Negra the announced terms for its IPO on Thursday. The company is planning a global offering and intends to list ADSs on the NYSE and ordinary shares on the Bolsas y Mercados Argentinos (BYMA) under the symbol LOMA. The Buenos Aires-based company plans to raise US$751m by offering 44.2m ADSs (100 per cent insider) at a range of US$15-19 plus an additional US$102m by offering up to 30m new ordinary shares at a range of US$3.00-3.80 for a combined US$853m in total proceeds.... |
Loma Negra files for IPO06 September 2017, Published under Cement NewsArgentine cement maker Loma Negra Corp has filed for an initial public offering, according to a SEC filing late Tuesday. "We believe that the economic recovery of Argentina represents one of the most attractive opportunities in global emerging markets today," the company said in the filing. "Cement consumption is highly correlated to economic activity and we expect demand for cement to grow significantly within the next five years in Argentina." Risks included cement-industry cycl... |
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