The profits of Cementos Argos in the third quarter fall 42 percent

The Colombian company Cementos Argos reported today that in the third quarter of the year it obtained a net profit of 65,000 million pesos (about 21.5 million dollars), 42% less than in the same period of the previous year.

Bogotá, Nov 10 (EFE) .- The Colombian company Cementos Argos reported today that in the third quarter of the year it obtained a net profit of 65,000 million pesos (about 21.5 million euros). dollars), 42% less than in the same period of the previous year.

When announcing its operational results from last July to September, the cement company indicated that the profit consolidated before interest, taxes, depreciation and amortization (Ebitda) was 407,000 million pesos (about 135 million dollars), which meant an increase of 2.3% compared to the compared period.

The company indicated that quarterly revenues were 2.2 trillion pesos (about 732 million dollars), which allowed a 3.9% growth over 2016 figures.

The president of Cementos Argos, Juan Esteban Calle, said that they remain committed to "the continuous search for organizational excellence, innovation, sustainability and service as pillars to deliver a better proposal every day "to its customers and generate value to all stakeholders.

Cementos Argos also indicated that the volume of cement dispatched grew 16.7%, to 4.2 million tons, while deliveries of concrete decreased by 6.1%, to reach 2.7 million meters cubic.