Higher operating costs reduced Cementos Lima SA’s third-quarter net income to 21.7 million soles ($6.4m) compared with PEN21.9 million ($6.5m) in the same quarter last year, it announced Wednesday in financial results released to the Peruvian regulatory agency, Conasev. Operating revenues rose to PEN171.2 million ($50.6m) in the third quarter compared with PEN139.3 million ($41.1m) in the same period a year earlier. Operating costs rose in part due to higher coal costs, the company said.
Cementos Lima said that cement production in the third quarter rose 18.8 per cent to 649,886t. It said that cement output rose 12.1 per cent in the first nine months of the year to 1.83Mt compared with the same period a year before. Cementos Lima remains the largest producer in Peru, with about 40 per cent of the local market.