Colombia: Cementos Argos has reported that the acquisition of cement and concrete assets in Honduras and Florida and the recovery of the US construction market have resulted in 51.7% growth in net profits, from US$4.00m in the first quarter of 2013 to US$6.07m in the first quarter of 2014. Earnings before interest, taxes, depreciation and amortisation (EBITDA) were up by 12% and income grew by 18% compared with the same period of 2013. Cement sales in the US grew by 27%, while sales in the Caribbean and Central America grew by 27% in value and 11% in volume.
Cementos Argos reports growth of cement sales in the first quarter of 2014
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