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
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