Cementos del Valle Posts US$41.3m net profit, Colombia

Cementos del Valle Posts US$41.3m net profit, Colombia
Published: 03 March 2005

Colombian cement maker Cementos del Valle posted a net profit of 95.991 bln Colombian pesos (US$41.3m) for 2004, up seven per cent YoY.

The profit increase was a result of the higher construction sector activity in 2004, the company explained. The sales of the cement company totalled US$85.32m. Cementos del Valle also announced it would invest US$7m in 2005 to boost operations. In 2004, the company invested US$563,010 in environmental protection.

Cementos del Valle sold 573,059t of cement in 2004, up 3.3 per cent of the initially set target.