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Cementos Pacasmayo SAA and subsidiaries (NYSE:CPACBVL: CPACASC1)) (“the Company” or “Pacasmayo”), a leading cement company serving the Peruvian construction industry, announced today its consolidated results for the first quarter (“1Q22”) ended March 31, 2022. These results have been prepared in accordance with International Financial Reporting Standards (“IFRS”) and are stated in nominal Peruvian Soles (S/).
1Q22 FINANCIAL AND OPERATIONAL HIGHLIGHTS:
(All comparisons are to 1Q21, unless otherwise stated)
- Revenues increased 13.0%, mainly due to increase in average prices of bagged cement, as inflationary pressures have affected our costs of raw materials and energy.
- Sales volume of cement, concrete and precast decreased 5.3%, mainly due to the temporary decrease in sales to reconstruction …
Full story available on Benzinga.com
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