Peru: Cementos Pacasmayo recorded a net profit of US$40.2m in the three months to 30 September 2019, up by 20% from 33.4% in 2018’s third quarter. The company has said that structural changes, such as the centralisation of type V production at its Pacasmayo plant, and temporary increases in costs slightly restricted this margin. Net sales likewise increased by 20% year-on-year to US$383m from US$319. July and August 2019 set monthly sales volumes records for the company, driven by increased concrete and prefabricated shipments which it forecasts will continue to grow. This is a positive signal for the realisation of Cementos Pacasmayo’s vision of becoming a construction solutions company by 2030.
Cementos Pacasmayo improves third quarter net profit by 20% year-on-year
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