Peru: Cementos Lima, the largest cement producer in Peru, has posted earnings of US$16m for the fourth quarter of 2011, ending on 31 December 2011. This represents a drop of 9% compared to US$18m for the same period in 2010.
For the full year Cementos Lima said it had earnings of US$79m in 2011 compared with US$75m in 2010. Total fourth quarter revenue remained static with US$104m in 2011 compared to US$104m in 2010.
The company said that cement production in the fourth quarter of 2011 was 0.84Mt down by 2.6% compared to the same quarter in 2010. The company said that the decline was due to lower demand in domestic and international markets.