Argentina's Loma Negra has reported a 46.6 per cent YoY increase in net revenue to ARS14.269bn (US$147m) in the quarter ending 30 June 2021, mostly dri.
Loma Negra posts 35% revenue surge 14 May 2021
Argentina’s Loma Negra has seen its net revenue surge 35.4 per cent YoY to ARS13,175m (US$143m) in the first quarter of 2021, against ARS9734m in the year-ago period, mainly on the back of strong results from its cement segment.
Consolidated EBITDA advanced 49.6 per cent YoY to ARS4730m, while its margin climbed to 35.7 per cent from 32.3 per cent. Net profit was up 104.4 per cent from ARS1256m to ARS2568m. We started the year in a very good shape, with a solid operating cashflow generation together with a very robust financial position. Furthermore, given the higher operational leverage and our strong focus in cost management is that we have achieved world-class profitability levels, said Sergio Faifman, CEO.