Yura records 43% decline in 2Q19 profit

Yura records 43% decline in 2Q19 profit
08 August 2019

Peru’s Cementos Yura (Gloria Group) has reported a 43 per cent YoY fall in profit to PEN56.5m (US$16.67m) for the second quarter of 2019. Cement sales were down 0.3 per cent to PEN231.3m in the 2Q19, while dispatches to external markets fell 22 per cent.

Production between April-June reached 602,031t, decreasing five per cent compared to the year-ago period. In particular, clinker production fell 18 per cent to 331,707t due to a scheduled maintenance halt. 

However, results are expected to lift from June onwards as consumption increases on the back of further construction works in the north of the country.

Published under Cement News