Cementos Argos - August 2016
The second quarter of 2016 has seen total dispatched cement volumes by Cementos Argos fall by 1.9 per cent YoY to 3.5Mt, as a result of what the company describes as a “challenging market environment in Colombia”. However, this was compensated by strong results in the US division, which saw volumes increase by 16.3 per cent, leading to consolidated revenue growth of 19.9 per cent to COP2.2trn (US$769.6m), compared to the same period last year. Consolidated EBITDA also advanced, up by 17.8 per cent to COP436bn.
