Cementos Argos - July 2013
Cementos Argos has reported a nine per cent rise in revenue in 1H13, up to US$1.24bn compared to US$1.2bn in 1H12. EBITDA over the same period increased by 23 per cent to US$261m. In 2Q13 alone, EBITDA jumped 32 per cent to US$129m, compared to the same period last year. Net profits, however, have fallen by 79.2 per cent YoY to US$38.9m in 1H13, mainly due to inflated profits in the same period last year following the sale of assets. Cement dispatches rose by one per cent to 5.5Mt in 1H13 and concrete volumes increased by seven per cent to 4.4Mm3.