Peru: Soboce approves BOB487.2m to continue growth

An extraordinary shareholders meeting of Sociedad Boliviana de Cemento (Soboce) has approved to reinvest BOB487.2m (US$790.9m) and raise its paid-up capital to continue its investment plans and growth in the domestic market. As a result, Soboce’s paid-up capital will more than triple from BOB196.6m to BOB683.8m.

The company’s net profit in the year ended June 2015 reached BOB141.4m, representing a 13.5 per cent fall YoY.