Cementos Argos - November 2016

A slowdown in infrastructure spending in its domestic market has been blamed for a 22.1 per cent fall in cement shipments in Colombia by Cementos Argos. Domestic volumes for 3Q16 came in at 1.314Mt, with the nine months to September 2016 seeing a 17.9 per cent contraction. Total cement volumes for the quarter were 3.557Mt, a decline of 7.4 per cent YoY. This left 3Q16 profits down by 22.7 per cent.

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