Cementos Pacasmayo S.a.a. (CPAC) has released an update.
Cementos Pacasmayo S.A.A. reported a 10% increase in consolidated EBITDA and a 13.8% rise in net income for the first quarter of 2024, despite a 7.2% drop in sales volume due to decreased demand in the construction sector. The improved profitability is attributed to operational efficiencies, particularly the use of a new kiln, which offset the lower sales and contributed to higher margins. Additionally, the company is focusing on sustainable practices and transforming into a building solutions provider, as evidenced by their involvement in the reconstruction of the Piura Airport.
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