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Stock impact report

Cementos Pacasmayo S.A.A. Announces Consolidated Results for First Quarter 2024 [Yahoo! Finance]

Cementos Pacasmayo S.A.A. American Depositary Shares (Each representing five Common Shares) (CPAC) 
US:NYSE Investor Relations: investors.cementospacasmayo.com.pe
Company Research Source: Yahoo! Finance
leading cement company serving the Peruvian construction industry, announced today its consolidated results for the first quarter ("1Q24"). These results have been prepared in accordance with International Financial Reporting Standards ("IFRS") and are stated in Soles (S/). 1Q24 FINANCIAL AND OPERATIONAL HIGHLIGHTS: (All comparisons are to 1Q23, unless otherwise stated) Consolidated EBITDA of S/132.8 million, a 10.0% increase, mainly due to lower costs and operational efficiencies as we discontinued the use of imported clinker and used our new and more efficient kiln. Consolidated EBITDA margin of 27.9%, a 2.8 percentage point increase. Sales volume of cement, concrete and precast decreased 7.2%, mainly due to a contraction in demand due to a decrease in public and private investment, a high level of insecurity and a decrease in the self-construction segment explained by a negative effect on activities like fishing and agriculture, two of the most significant sources in our Show less Read more
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