Cementos Pacasmayo sales grew by 7.5% to US$184m in first half of 2018

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Peru: Cementos Pacasmayo’s sales revenue grew by 7.5% year-on-year to US$184m in the first half of 2018 from US$171m in the same period in 2017. Its production of cement rose by 3.9% to 1.08Mt from 1.04Mt and clinker production rose by 15.9% to 0.87Mt from 0.75Mt. Its consolidated earnings before interest taxation depreciation and amortisation (EBITDA) rose by 12.2% to US$54.7m from US$48.7m.

The cement producer said that, despite growth, it felt that the pace was lower than its expectations. Infrastructure reconstruction in the north of the country had suffered delays and self-construction has grown at lower rates than expected. It party blamed this on the country’s qualification to 2018 FIFA World Cup as funding was focused on ‘soccer-related categories.’

Last modified on 25 July 2018

URL: https://www.globalcement.com/news/item/7831-cementos-pacasmayo-sales-grew-by-7-5-to-us-184m-in-first-half-of-2018

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