Cement News tagged under: Cementos Pacasmayo

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Cementos Pacasmayo sees 10% rise in 2Q18 net income

23 July 2018, Published under Cement News

Peru’s Cementos Pacasmayo saw its revenues rise 2.3 per cent YoY to PEN287.5m (US$87.8m) in 2Q18 as sales volumes of cement, concrete and precasts advanced 1.9 per cent YoY to 0.534Mt on the back of higher sales to medium-sized companies and the public sector. Consolidated EBITDA reached PEN84.7m, up 9.7 per cent YoY in 2Q18 while the cement EBITDA margin increased by 2.5 percentage points to 30.3 per cent, mainly due to improved operational efficiencies. Net income increased 10.3 per...

Cementos Pacasmayo announces 13% revenue increase in 1Q18

25 April 2018, Published under Cement News

Cementos Pacasmayo SAA has announced a 12.8 per cent YoY increase in revenue in the first quarter of the year, rising to PEN315.3m (US$97.58m) from PEN279.5m. The positive result has been partially attributed to a 7.8 per cent increase in sales volume of cement, concrete and blocks. The company also recorded a 37.3 per cent surge in net income to PEN29.8m. Cement EBITDA advanced 13 per cent to PEN94.7m, while the EBITDA margin of the sector remained consistent at 30 per cent.  “Pacasmayo...

Cementos Pacasmayo records sales volume increase in 4Q17

13 February 2018, Published under Cement News

Peru's Cementos Pacasmayo has announced its consolidated results for the fourth quarter and full-year period ended 31 December 2017. The sales volume of cement, concrete and blocks increased 7.3 per cent YoY in the 4Q17, attributed to growth in the self-construction market and an uptick in public sector spending. Cement EBITDA rose 13.9 per cent to PEN105.5m (US$32.2m), while the EBITDA margin of the sector expanded to 32 per cent. Consolidated EBITDA fell 35.7 per cent due to a write-off...

Pacasmayo reports 6.7% rise in 3Q income

01 November 2017, Published under Cement News

Cementos Pacasmayo increased its deliveries of cement, concrete and blocks by 4.8 per cent YoY in 3Q17 due to a higher level of self-construction activity and the recovery in public spending towards the end of the quarter. The Peru-based cement producer reported a 6.7 per cent YoY advance in income to PEN334.7m (US$103m) as a result of increased sales volumes and higher prices. Consolidated EBITDA increased 38.9 per cent QoQ to PEN107.2m and the EBITDA margin rose from 27.6 per cent in 2Q1...

Pacasmayo profit decreases 34% YoY in 2Q17

24 July 2017, Published under Cement News

Cementos Pacasmayo, Peru’s third-largest cement producer, posted a 34 per cent YoY drop in profits in 2Q17 as sales fell and El Niño damage increased costs. Cementos Pacasmayo reported a profit of PEN21.4m (US$6.6m) between April and June 2017, compared with a profit of PEN32.5m in 2Q16. This drop in profit was mainly due to "lower sales, higher expenses related to cessions, increases in distribution costs for the destruction of roads, as well as the cost of some damage to our plants by ...

Pacasmayo's volumes impacted by El Niño effect

26 April 2017, Published under Cement News

Peruvian producer Cementos Pacasmayo SAA and its subsidiaries saw revenues decrease by 9.3 per cent and sales volumes of cement, concrete and blocks fell by 12.2 per cent primarily due to landslides, flooding and heavy rain, in the north of Peru since mid-February associated with El Niño. The gross margin of 40.3 per cent was up 3.3 percentage points due to operational efficiencies despite lower sales volumes and increased depreciation. The Cement EBITDA margin of 29.9 per cent was up 1...

Peru: Cementos Pacasmayo sees 13% drop in sales in 4Q16

15 February 2017, Published under Cement News

Peru's Cementos Pacasmayo saw its cement, concrete and blocks sales decline by 12.7 per cent YoY in 4Q16. However, there was extraordinary spending associated with El Niño prevention in the quarter. Compared to 3Q16 sales volumes increased. Revenues decreased 9.8 per cent YoY to PEN316.7m (US$97.2m) while consolidated EBITDA fell 20.4 per cent YoY to PEN88.8m. The fall in EBITDA has been attributed by higher fixed costs, resulting from the lower sales volumes, as well as one-off expenses ...

Peru: Cementos Pacasymayo announces phosphate spin-off launch date

31 January 2017, Published under Cement News

Cementos Pacasmayo SAA and subsidiaries, has provided shareholders with an update regarding the status of its spin-off of phosphate project company called FOSSAL, SAA. Pacasmayo's CEO and the CEO of FOSSAL SAA established that 1 March 2017 was the effective day of the launch of FOSSAL SAA. This is subject to registration by the Peruvian Public Registry and compliance with the Securities Market regulations.

Peru: Cementos Pacasmayo 3Q16 net income falls 21.7%

25 October 2016, Published under Cement News

Cementos Pacasmayo SA's consolidated results for the 3Q16 and nine months (9M16) ended 30 September 2016 recorded cement, concrete and concrete block volumes were down 1.6 per cent, largely due to extraordinary spending in regard to El Niño prevention in 3Q15, says Businesswire. Revenues rose 0.4 per cent to PEN314.2m (US$83.5m), while the consolidated EBITDA of PEN04.5m was up 4.9 per cent. Net income of PEN43.3m, down 21.7 per cent, due to the termination of borrowing cost capitalisatio...

Peru: Cementos Pacasmayo to split operations

23 August 2016, Published under Cement News

Cementos Pacasmayo SAA and subsidiaries announced that its Board of Directors have approved the separation of its phosphate operations Fosfatos del Pacifico (FOSPAC) from its cement operations. Ownership of FOSPAC will be transferred to separate entity FOSSAL, which will hold 70 per cent ownership whilst 30 per cent remains with MCA Phosphates PTE, a division of Mitsubishi Corp. Chairman of FOSPAC, Roberto Dañino said, “FOSPAC is an attractive project, with substantial phosphate reserves ...