Cementos Pacasmayo EBITDA up 14.4 %

Peru-based Cementos Pacasmayo's consolidated EBITDA in the 3Q15 increased 14.4 per cent to PEN99.6m (US$30.3m) in 3Q15 from PEN87.1m in 3Q14, giving an EBITDA margin of 31.8 per cent versus 27.5 per cent in 3Q14. Revenues fell one per cent from 3Q14.

Net income increased 36.5 per cent to PEN55.3m in 3Q15 from PEN40.5m in 3Q14.

During the third quarter, the company's Piura cement plant began cement production on time and under budget. The final stage of ramp-up is on track, Pacasmayo added.

A successful share buyback program was completed in October. Over 37m investment shares were purchased at a value of PEN2.9/share.

During the first nine months of the year consolidated EBITDA increased 10.5 per cent to PEN278.1m from PEN251.7m in 9M14, giving an EBITDA margin of 31.6 per cent versus 27.4 per cent a year earlier. Net income increased 25.1 per cent to PEN151.8m.