Colombia: Cementos Argos has announced that its second quarter net profit for 2018 slid by 59.7% to US$10m, due to a slowdown in the construction sector. Its operating revenue rose by 1.4% to US$741.6m during the same period.
“A recovery in demand is expected during the second half of the year given the increase in consumer confidence and positive signs for the residential sector, especially in social housing," said Cementos Argos in a statement.