Cementos Pacasmayo S.A.A. Announces Consolidated Results for Second Quarter 2021
19 Julho 2021 - 9:19PM
Business Wire
Cementos Pacasmayo S.A.A. and subsidiaries (NYSE: CPAC; BVL:
CPACASC1) (“the Company” or “Pacasmayo”) a leading cement company
serving the Peruvian construction industry, announced today its
consolidated results for the second quarter (“2Q21”) and the six
months (6M21) ended June 30, 2021. These results have been prepared
in accordance with International Financial Reporting Standards
(“IFRS”) and are stated in nominal Peruvian Soles (S/).
2Q21 Financial and Operational Highlights:
(All comparisons are to 2Q20, unless otherwise stated)
- Sales volume of cement, concrete and precast increased
257.2% mainly due to the continued increase in sales of bagged
cement, to the self-construction segment and to the public sector
for reconstruction related projects, and to the halt in
commercialization experience during 2Q20. If we compare volume to
2Q19, which did not have any external effects, the increase is
41.8%.
- Revenues increased 285.7%, mainly due to the continued
increase in sales and to the halt in commercialization during 2Q20
mentioned above. When compared to 2Q19, revenues increased
37.0%.
- Consolidated EBITDA of S/90.0 million, an increase due
to negative EBITDA during 2Q20 mainly due to the halt in sales of
cement mentioned above, as well as the fixed costs derived from the
halt in production during said quarter, as well as higher sales
during 2Q21.
- Net income of S/ 27.7 million, an increase mainly due to
the halt in commercialization mentioned above, as well as increased
sales during this quarter.
6M21 Financial and Operational Highlights:
(All comparisons are to 6M20, unless otherwise stated)
- Sales volume of cement, concrete and precast increased
124.1% mainly due to the continued increase in sales of bagged
cement, to the self-construction segment and to the public sector
for reconstruction related projects, and to the halt in
commercialization experience during 2Q20.
- Revenues increased 119.0%, mainly due to the continued
increase in sales and to the halt in commercialization during 2Q20
mentioned above.
- Consolidated EBITDA of S/195.2 million, a 193.1%
increase due to the halt in sales of cement and the increase in
fixed costs mentioned above.
- Net income of S/ 59.5 million, an increase mainly due
the loss during 6M20 because of the halt in commercialization
mentioned above, as well as increased sales during this
quarter.
For a full version of Cementos Pacasmayo’s Second Quarter
2021 Earnings Release, please visit
http://cementospacasmayo.com.pe.
CONFERENCE CALL
INFORMATION:
Cementos Pacasmayo will host a conference call on Tuesday,
July 19, 2021, to discuss these results at 10:30 a.m.
Eastern Time / 09:30 a.m. Lima Time.
To access the call, please dial:
(844) 369-8770 (From within the U.S.)
+1 862-298-0840 (From outside the U.S.)
There will also be a live Audio Webcast of the event at:
https://www.webcaster4.com/Webcast/Page/1644/41907
About Cementos Pacasmayo S.A.A.
Cementos Pacasmayo S.A.A. is a cement company, located in the
Northern region of Peru. In February 2012, the Company’s shares
were listed on The New York Stock Exchange - Euronext under the
ticker symbol "CPAC". With more than 60 years of operating history,
the Company produces, distributes and sells cement and
cement-related materials, such as concrete blocks and ready-mix
concrete. Pacasmayo’s products are primarily used in construction,
which has been one of the fastest-growing segments of the Peruvian
economy in recent years. The Company also produces and sells
quicklime for use in mining operations.
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version on businesswire.com: https://www.businesswire.com/news/home/20210719005839/en/
Cementos Pacasmayo S.A.A. In Lima, Peru: Manuel Ferreyros, CFO
Claudia Bustamante Investor Relations Manager +51-958699760
cbustamante@cpsaa.com.pe
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