Cementos Pacasmayo announces 12% revenue increase

Peru’s Cementos Pacasmayo has announced a 11.9 per cent YoY increase in revenue during the 2Q19, mainly attributed to an 11.8 per cent rise in the sales volume of cement, concrete and precast.

Net income advanced 37 per cent to PEN32.2m (US$9.8m), while its consolidated EBITDA climbed 11.3 per cent YoY to PEN94.3m. However, the cement EBITDA margin dropped from 30.3 per cent to 29.2 per cent as a result of higher-priced clinker used in April, according to the company.

6M19 results
In the first six months of 2019, the sales volume of cement, concrete and precast rose 8.5 per cent, boosting revenues by 5.3 per cent. The company saw higher sales to the public sector for reconstruction works after the effects of El Niño.

Net income was up 17.1 per cent to PEN62.3m. The company’s consolidated EBITDA margin increased five per cent YoY in the 6M19 on the back of increased sales, while the cement EBITDA margin fell 0.5 per cent to 29.6 per cent.