Cementos Argos profit up by 69%

Cementos Argos profit up by 69%

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.

Related Stories

No stories found.
Indian Cement Review
www.indiancementreview.com