Taking 69 per cent jump in net earnings for the first nine months, Cementos Argos, has reported EBITDA of COP805bn (US$415m) between January and September. The company reported a 16 per cent hike in revenue COP4.25trn as a result of higher sales in US market. Volumes of cement and concrete shipped showed growth of 59 per cent and 27 per cent respectively.
A statement issued by the company said that the performance in the United States maintains a healthy growth dynamic. The regional division in USA witnessed a 60 per cent hike in cement dispatches during the 3Q14 to 806,00t. Volumes reached 2.1Mt, up 59 per cent YoY, in the first three quarters of the year.