UNACEM drives profit in 2017 on higher cement prices

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Peru: UNACEM’s profit in 2017 rose due to a higher selling price of cement. Its net profit rose by 47% year-on-year to US$143m in 2017 from US$971.1m in 2016. Its income increased by 2.5% to US$595m from US$580m but its cement production fell slightly to 5.01Mt from 5.14Mt. Clinker production and cement despatches also fell. The cement producer blamed poor weather in the first half of 2017 that affected shipping at its Condorcocha plant as well as a general slowdown in the construction sector. It also reported that clinker exports more than doubled in 2017 to 0.55Mt from 0.21Mt.

Last modified on 13 May 2019

URL: https://globalcement.com/news/item/7020-unacem-drives-profit-in-2017-on-higher-cement-prices

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