Cementos Pacasmayo S.A.A. Announces Consolidated Results for Fourth Quarter 2023 [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 fourth quarter ("4Q23") and for the year ("2023") ended December 31, 2023. These results have been prepared in accordance with International Financial Reporting Standards ("IFRS") and are stated in Soles (S/). 4Q23 FINANCIAL AND OPERATIONAL HIGHLIGHTS: (All comparisons are to 4Q22, unless otherwise stated) Adjusted EBITDA was S/156.1 million, a 29.0% increase, mainly due to operational efficiencies derived from our new kiln in Pacasmayo, as well as decreased costs of raw materials. Adjusted EBITDA margin of 30.5%, an increase of 7.9 percentage points, due to the above-mentioned operational efficiencies and decreased raw material costs. Revenues decreased 4.2%, mainly due to a contraction in demand, which affected the self-construction segment and the private sector. However, revenues were in line with those in 3Q23, which was the quarter with highest revenues t
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Sec Filings
- 3/26/24 - Form 6-K
- 2/15/24 - Form 6-K
- 2/15/24 - Form 6-K
- CPAC's page on the SEC website