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News Cementos Argos’ profit drops marginally

Cementos Argos’ profit drops marginally

Written by Global Cement staff 17 May 2024
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Colombia: Cementos Argos reported revenues of US$1.3bn in the first quarter of 2024, 6.4% year-on-year lower than the same period of 2023. The company recorded adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of US$291m, 2% above the value in the same period of the previous year. It reported decreases of 13% and 6% in cement and concrete volumes respectively, which it attributed to there being five fewer business days in the 2024 period due to the timing of Easter holidays.

Last modified on 22 May 2024
Published in Global Cement News
Tagged under
  • Cementos Argos
  • Results
  • Colombia
  • GCW660

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