Soboce's profit down 48.76% in 2015

Bolivia: Sociedad Boliviana de Cemento (Soboce) has posted a profit of US$16.1m in the year that ended on 31 March 2015, down by 48.76% from US$31.5m in its 2014 financial year, according to Esmerk Latin American News. The fall was attributed to an increase in costs, rainy weather and a US$7.41m fine it had to pay in 2015, according to Esmerk Latin American News. The company is 98% owned by Consorcio Cementero del Sur, part of Gloria group.