Cement News tagged under: results Grupo Argos
Grupo Argos reports weak results for 2Q2415 August 2024, Published under Cement NewsGrupo Argos, the Colombia-based conglomerate which owns Cementos Argos , has reported a 40 per cent drop in its 2Q24 income, falling to COP189bn (US$47m) from COP315bn in the 2Q23. In a recent presentation, Argos attributed this drop in income to a 90 per cent fall in proceeds from concessions and a nearly 25 per cent decline in income from its cement business. The group’s revenues for the period April-June fell 17 per cent to COP3.7trn. The group’s EBITDA decreased by 13 per c... |
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