Cement News tagged under: Cemento Polpaico

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Cemento Polpaico reports 17% rise in 1H revenues, 1H profits are down

09 September 2022, Published under Cement News

Cemento Polpaico SA reported revenues of CLP178.053bn (US$201.8m) in the January-June 2022 period, up 16.9 per cent when compared with CLP152.376bn in the January-June 2021. The Chilean cement producer has attributed the increase in revenues mainly to “the updating of the price level in all businesses as a result of the strong increase in the costs of production and distribution resulting from rise in inflation, rise in the exchange rate, rise in the cost of fuel and the increase in the co...

Cemento Polpaico reports 67% drop in 1Q profit

31 May 2022, Published under Cement News

Chilean cement producer Cemento Polpaico reported net sales of CLP89,359m (US$107.6m) in the first quarter of 2022, up 7.5 per cent when compared with CLP83,145m in the 1Q21. However, the company’s net profits declined by 66.9 per cent in the 1Q22 to CLP1365m from CLP4124m in the 1Q21. The reduced performance has been attributed by the company to a rise in production  and distribution costs on the back of higher inflation, rising exchange rates and increasing input costs. In the 1Q22 t...

Cemento Polpaico appoints new general manager

09 March 2022, Published under Cement News

Cemento Polpaico has named Andrés Pérez Algarra as new General Manager, succeeding Javier Moreno Hueyo, who is leaving the post after five years of tenure. His appointment becomes effective 1 April 2022. Mr Pérez Algarra is currently the company’s commercial manager.  

Cemento Polpaico invests US$60m to ensure Cerro Blanco continuity

30 November 2021, Published under Cement News

Cemento Polpaico has submitted an environmental impact study (EIS) for the Cerro Blanco complex development to Chile’s Regional Directorate of the Environmental Assessment Service of the Metropolitan Region. The US$60m project plans the expansion of the mining exploitation of four existing limestone quarries. This would increase the exploitation areas and extend limestone extraction by 27 years, enabling the operational continuity of the Cerro Blanco Complex. The EIS includes several mod...

Polpaico sees 71% surge in 9M revenues

29 November 2021, Published under Cement News

Chile-based Cemento Polpaico reported revenues up 71.1 per cent to CLP230,726.57m (US$277.3m) in the January-September 2021 period when compared with revenues of CLP134,876.954m in the equivalent period of the previous year. The company also posted profits of CLP10,472.311m in the first nine months of 2021 compared to a loss of CLP10,319.237m  in the 9M20. In September 2021 sales volumes of cement reached 1,662,448t, up 18.5 per cent YoY, while concrete sales volumes increased by 29.7 per c...

Cemento Polpaico sees revenues double in 1H21

31 August 2021, Published under Cement News

Chile-based Cemento Polpaico reported a surge in consolidated revenues from CLP76,528m in the 1H20 to CLP152,376m in the 1H21. Profit before tax reached CLP9361m, reversing a loss of CLP8424m in the 1H20. Net profit reached CLP6833m in the 1H21, from a loss of CLP5862 in the 1H20. The results include the consolidation of Cementos Bicentenario. The company’s cement business saw its revenues increase to CLP148,644m in the 1H21 from CLP74,634m in the 1H20 while revenues in its sand business w...

Cemento Polpaico reports CLP2.1bn loss in 2018

28 January 2019, Published under Cement News

Chilean cement producer Cemento Polpaico, in which the Hurtado Vicuña family holds the controlling stake, has reported net losses of CLP2.139bn (US$3.2m) in 2018, exacerbating net losses of CLP1.043bn m noted the previous year. The company revenues increased 23.1 per cent YoY to CLP166.549bn in 2018 from CLP135.326bn in 2017. However, while gross profits increased 29.9 per cent to CLP55.23bn, “Other profits/losses” noted a loss of CLP9.869bn. In addition, the company also faced relatively h...

Cemento Polpaico sees CLP4bn net profit in 1H18

03 September 2018, Published under Cement News

Chilean cement producer Cemento Polpaico reported a 32.2 per cent increase in revenues to CLP82.114bn (US$120,143m) in 1H18 from CLP62.118bn. The company has attributed the higher operating revenues mainly to an increase in cement and concrete sales volumes, driven by an uptick in economic activity during the first six months of 2018, compared with 1H17. However, distribution costs went up from CLP13.3bn to CLP17.7bn as a new law of manual handling loads affected working practices. ...

Cemento Polpaico slips into loss

06 March 2018, Published under Cement News

Chile’s Cemento Polpaico informed the country’s Financial Markets Commission (CMF) it registered losses of CLP1.042bn (US$1.74m) in 2017. The new income figure is a sharp reversal of the profit of CLP3.793bn reported in 2016. Sales reached CLP135.316bn in 2017, down 3.5 per cent YoY, when compared with sales of CLP140.187bn in 2016.

Cemento Polpaico sees CLP-2.28bn loss in 9M17

28 November 2017, Published under Cement News

Chile’s Cemento Polpaico has reported a loss of CLP-2.281bn (US$3.58m) in the January-September 2017 period. This compares with a profit of CLP4.1534bn in the year-ago period. In terms of revenues, the company reported a figure of CLP96.337bn, down 11.4 per cent when compared with CLP108.67bn  in 9M16.