Cementos Pacasmayo Profit Jumps 62% on Volume, Margin Gains

Cementos Pacasmayo (CPAC) reported net income of 61.5% higher in the second quarter, the Peruvian cement maker said. Revenue rose 15.4% on a 15.5% increase in sales volumes. EBITDA climbed 34.3%, with the margin widening to 31.3%.

The company, one of Peru's largest cement producers, is benefiting from a recovery in construction activity. Lower energy costs are also supporting margins. The EBITDA margin of 31.3% compares with 27.2% in the year-ago period, the company said.

Cementos Pacasmayo did not provide formal guidance for the second half. The stock is listed on the NYSE under CPAC and falls in the Basic Materials sector. AlphaScala has not assigned a score to the stock, which it classifies as Unscored.