Unacem net profit rises, Peru

Unacem net profit rises, Peru

Union Andina de Cementos (Unacem) – which comprises the recently merged Cementos LIma and Cementos Andino –  reported a net profit to PEN70.3m (US$27m) compared with PEN42m in the same quarter in the previous year boosted by strong sales.

Total third-quarter revenue was PEN326.4m compared with PEN266.3m in the same period a year earlier.

The company said that cement production in the third quarter was 986,935t, up 13.2 per cent compared with the same quarter a year earlier.

Cementos Lima  and Cemento Andino merged earlier this year to create Unacem, the largest cement producer in Peru.