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Earnings Call Summary | Cementos Pacasmayo(CPAC.US) Q1 2024 Earnings Conference

Futu News ·  May 1 09:30  · Conference Call

The following is a summary of the Cementos Pacasmayo S.A.A. (CPAC) Q1 2024 Earnings Call Transcript:

Financial Performance:

  • Cementos Pacasmayo reported a Q1 2024 consolidated EBITDA of PEN132.8 million, indicating a 10% increase year-over-year.

  • Gross profit also increased by 8.3%, attributed to lower production costs.

  • However, revenues experienced a slight decrease of 0.7% due to reduced demand, while cement sales volume saw a decline of 4.6%.

Business Progress:

  • Cementos Pacasmayo is participating in the reconstruction of Piura Airport and has embraced the use of AI and machine learning technologies to identify infrastructure projects.

  • Despite hindrances caused by a decrease in disposable income, the company remains optimistic about stronger volumes in the second half of the year.

More details: Cementos Pacasmayo IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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