Cementos Pacasmayo Reports Q4 Revenue Up 3%, Cement Sales Increase 2.6%, Net Income Surges 39.3% On Impairment Adjustments
Benzinga
14 Feb
4Q24 FINANCIAL AND OPERATIONAL HIGHLIGHTS:(All comparisons are to 4Q23, unless otherwise stated)
Sales volume of cement, concrete and precast increased by 2.6%, mainly due to an increase in bagged cement and public sector demand.
Revenues increased by 3.0%, in line with increased sales volume.
Consolidated EBITDA of S/142.5 million, an 8.7% decrease compared to adjusted EBITDA in 4Q23.
Consolidated EBITDA margin of 27.1%, a 3.5 percentage point decrease compared to adjusted EBITDA margin in 4Q23.
Net income of S/ 50.0 million, a 39.3% increase mainly due to the impairment loss of our vertical kilns included in the 2023 results.
Sustainability achievements - We are honored to be included in the Yearbook by S&P, for the fifth consecutive year, and to achieve 9th place in the general ranking of the most responsible companies in terms of sustainability in the country according to Merco ESG.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.