Rioclaro profit at US$4.18m in 1Q04

Rioclaro profit at US$4.18m in 1Q04
Published: 29 April 2004

Colombian cement manufacturer Cementos Rioclaro SA said on April 27, 2004 its net profit for the first quarter of 2004 totalled  COP10.979bn US$4.179m, down from COP11.477bn (US$4.368m) for the first quarter of 2003.

The company’s operating profit stood at COP40.903bn  (US$15.57m) for the first quarter of 2004, compared to COP36.867bn (US$14.03m) for the first quarter of 2003.

Cementos Rioclaro is a subsidiary of Colombia’s largest cement maker, Compania de Cemento Argos. Both companies are part of the local conglomerate Grupo Empresarial Antioqueno (GEA).