Cementos Argos - November 2015

Cementos Argos, a subsidiary of Grupo Argos, has reported double-digit growth in revenue, EBITDA and net profits in 3Q15, driven by the ongoing recovery in the US, improved dynamics in the Colombian market and the company’s organisational excellence programme. Net income jumped by 43 per cent to COP151bn (US$48.8m), compared to the same period last year, while EBITDA advanced by 61 per cent to reach COP432bn. Meanwhile, consolidated revenue grew 51 per cent to COP2.3trn.

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