Cementos Pacasmayo S.A.A. Announces Consolidated Results for First Quarter 2024
1Q24 FINANCIAL AND OPERATIONAL HIGHLIGHTS:
(All comparisons are to 1Q23, unless otherwise stated)
-
Consolidated EBITDA of S/132.8 million, a
10.0% increase, mainly due to lower costs and operational efficiencies as we discontinued the use of imported clinker and used our new and more efficient kiln. -
Consolidated EBITDA margin of
27.9% , a 2.8 percentage point increase. -
Sales volume of cement, concrete and precast decreased
7.2% , mainly due to a contraction in demand due to a decrease in public and private investment, a high level of insecurity and a decrease in the self-construction segment explained by a negative effect on activities like fishing and agriculture, two of the most significant sources in our area of influence. -
Revenues decreased
0.7% , in line with the decrease in volumes mentioned above. -
Net income of S/ 49.5 million, a
13.8% increase mainly due to the operational efficiencies mentioned above.
For a full version of Cementos Pacasmayo’s First Quarter 2024 Earnings Release, please visit https://www.cementospacasmayo.com.pe/inversionistas/reportes
CONFERENCE CALL INFORMATION:
Cementos Pacasmayo will host a conference call on Tuesday, April 30, 2024, to discuss these results at 9:30 a.m. Lima Time and 10:30 am Eastern Time.
To access the call, please dial:
+1 (718) 866-4614 from within the
Access code: 505256
There will also be a live Audio Webcast of the event at:
https://mm.closir.com/slides?id=505256
You can also find additional dial-in numbers depending on your current location in the above link.
About Cementos Pacasmayo S.A.A.
Cementos Pacasmayo S.A.A. is a cement company, located in the Northern region of
View source version on businesswire.com: https://www.businesswire.com/news/home/20240429158396/en/
Cementos Pacasmayo S.A.A.
In
Manuel Ferreyros, CFO
Claudia Bustamante
Investor Relations Manager
+51-958699760
cbustamante@cpsaa.com.pe
Source: Cementos Pacasmayo S.A.A.