Cementos Argos - May 2017
Cementos Argos has reported a 6.1 per cent fall in consolidated revenue in the opening quarter of 2017 with almost three-quarters of its revenue and EBITDA now coming from outside its home market of Colombia. Overall cement volumes for the period were up 11.5 per cent YoY, but this was driven by the US market which now dominates the company’s results in terms of revenue, cement and ready-mixed cement (RMC) volumes.
