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News Argos sees 23% profit growth in Dominican Republic

Argos sees 23% profit growth in Dominican Republic

Written by Global Cement staff 05 September 2018
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Dominican Republic: Colombia’s Cementos Argos has announced that it recorded positive results in the Dominican Republic during the first half of 2018. In this period, the company saw overall revenues experience a year-on-year increase of 7%, while net profits expanded by 23%. These positive results helped the company to report a good performance in its Caribbean-Central American regional operations, which recorded earnings before interest, tax, depreciation and amortisation (EBITDA) of US$99m and revenues of US$299m in the period under review, marking increases of 3.9% and 2.6%, respectively.

Last modified on 05 September 2018
Published in Global Cement News
Tagged under
  • Cementos Argos
  • Dominican Republic
  • Sales
  • Results
  • GCW369
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