Cementos Pacasmayo S.A.A. and subsidiaries (NYSE: CPAC; BVL: CPACASC1)
(“the Company” or “Cementos Pacasmayo”) a Peruvian cement company,
announced today its consolidated results for the fourth quarter (“4Q13”)
and twelve months (“2013”) ended December 31, 2013. These results have
been prepared in accordance with International Financial Reporting
Standards (“IFRS”) and are stated in nominal Peruvian Nuevos Soles (S/.).
Financial Highlights:
It is important to note the following highlights:
-
Cement sales volume increased 4.0% in 2013, compared to
2012
-
Gross profit increased 14.6% in 2013, compared to 2012
-
Operating profit increased 27.1% in 2013, compared to
2012
-
Net income decreased 2.1% in 2013, compared to 2012,
mainly due to exchange rate fluctuations and financing cost.
-
Consolidated EBITDA increased 25.3% in 2013, compared to
2012 (S/. 348.9 million vs. S/. 278.5 million)
-
In October 2013, the Consortium formed by JJC-SSK began the
construction of the new cement plant in Piura. This plant will start
production during the second half of 2015, with a production capacity
of 1.6 million MT of cement and 1.0 million MT of clinker.
For a full version of Cementos Pacasmayo’s Fourth Quarter 2013 Earnings
Release, please visit http://www.cementospacasmayo.com.pe/investors/
CONFERENCE CALL INFORMATION:
Cementos Pacasmayo will host a conference call Friday, February 14,
2014, to discuss these results at 10:00 a.m. New York time/10:00
a.m. Lima time.
To participate, please dial:
+1 800 311 9401 (From within the U.S.)
+1 334 323 7224 (All other participants)
Passcode: 26737
There will also be a live Audio Webcast of this event available at:
http://www.videonewswire.com/event.asp?id=97899
About Cementos Pacasmayo S.A.A.
Cementos Pacasmayo S.A.A. is a leading Peruvian cement company, and the
only cement manufacturer 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 55 years of
operating history, the Company produces, distributes and sells cement
and cement-related materials, such as concrete blocks and ready-mix
concrete. Cementos 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.
For more information, please visit: http://www.cementospacasmayo.com.pe/investors/
Note on Forward-Looking Statements
This press release may contain forward-looking statements. These
statements are statements that are not historical facts, and are based
on management’s current view and estimates of future economic
circumstances, industry conditions, Company performance and financial
results. Also, certain reclassifications have been made to make figures
comparable for the periods. The words “anticipates”, “believes”,
“estimates”, “expects”, “plans” and similar expressions, as they relate
to the Company, are intended to identify forward-looking statements. Statements
regarding the declaration or payment of dividends, the implementation of
principal operating and financing strategies and capital expenditure
plans, the direction of future operations and the factors or trends
affecting financial condition, liquidity or results of operations are
examples of forward-looking statements. Such statements reflect
the current views of management and are subject to a number of risks and
uncertainties. There is no guarantee that the expected events,
trends or results will actually occur. The statements are based
on many assumptions and factors, including general economic and market
conditions, industry conditions, and operating factors. Any
changes in such assumptions or factors could cause actual results to
differ materially from current expectations.
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