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Stock impact report

Loma Negra Reports 4Q18 and FY18 Results

Loma Negra Compania Industrial Argentina Sociedad Anonima ADS (LOMA) 
US:NYSE Investor Relations: investors.lomanegra.com
Company Research Source: Business Wire
BUENOS AIRES, , Argentina--(BUSINESS WIRE)-- Loma Negra, (NYSE: LOMA)(BYMA: LOMA), (“Loma Negra” or the “Company”), the leading cement producer in Argentina, today announced results for the three and twelve-month periods ended December 31, 2018 (our “4Q18 and FY18 Results”). Commencing with our in 4Q18 and FY18 Results, the Company is reporting results of its subsidiaries by applying International Accounting Standards 29 – IAS 29 (Financial Reporting in Hyperinflationary Economies) (“IAS 29”), as detailed in the “Review of Financial Results” on page 8. 4Q18 Key Highlights Net revenue increased 2.8% YoY to Ps.6,936 million (US$182 million), mainly reflecting growth in Cement in Paraguay and the Concrete segment Consolidated Adjusted EBITDA up 20.6% YoY to Ps.2,159 million (US$58 million), principally driven by the Cement, masonry, and lime segment in Argent Show less Read more
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