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News Cementos Argos’ revenue grows by 14% to US$657m in first quarter of 2019

Cementos Argos’ revenue grows by 14% to US$657m in first quarter of 2019

Written by Global Cement staff 15 May 2019
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Colombia: Cementos Argos’ revenue grew by 14% year-on-year to US$657m in the first quarter of 2019 from US$576m in the same period in 2018. Its operating earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 3.7% to US$94m from US$90.7m. Its cement sales volumes increased by 4.7% to 3.86Mt from 3.69Mt. Ready-mixed concrete sales volumes increased by 2.3% to 2.5Mm3. Revenue grew fastest in the US followed by Colombia but it decreased in the Caribbean and Central America.

Last modified on 15 May 2019
Published in Global Cement News
Tagged under
  • Colombia
  • Cementos Argos
  • Results
  • concrete
  • GCW404
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