Chile: Cementos Melon financial results for 2017 have been hit by a contraction in the local construction market. Both cement and concrete sales volumes were reduced, according to the Diario Financiero newspaper. Its sales fell by 14% year-on-year to US$298m in 2017 from US$345m in 2016. Its profit dropped by 54% to US$14m from US$30m. The company says that it has constrained fixed costs, logistics and administration to compensate.
Cementos Melon results impaired by contracting construction market in Chile
URL: https://globalcement.com/news/item/7111-cementos-melon-results-impaired-by-contracting-construction-market-in-chile
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