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: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.