Cement producers post profitable 2004 results, Colombia

Cement producers post profitable 2004 results, Colombia
Published: 09 February 2005

Colombian cement maker Cementos del Caribe posted a profit of COP83.74bn (US$35.5m) for 2004, down from COP104.07bn (US$44.1m) for the previous year. 

Meanwhile,  Cementos Paz, posted a net profit of COP21.8bn (US$9.2m) for 2004, compared to COP18.5bn (US$7.8m) for 2003. 

In turn, Cementos del Valle registered a profit of COP96bn (US$40.6m) for 2004, up from COP89.2bn (US$37.8m) for a year earlier. 

Cement maker Cales y Cementos de Toluviejo posted a profit of COP13.7bn (US$5.8m) for 2004, down by 22.3 per cent from 2003.