Peru’s Unacem swings into profit in 4Q17

Unión Andina de Cementos reported a profit of PEN34.5m (US$10.7m) in the 4Q17.

The result, which is a marked improvement when compared with the loss of PEN42.3m in the same period of the previous year, was driven by the progress of public and private works.

The Peruvian producer’s billed cement shipments edged up to PEN1789.2m in 4Q17. Cost of sales during the quarter rose to PEN302.8m while financial expenses advanced to PEN60m.