{"id":514776,"date":"2021-07-19T20:22:09","date_gmt":"2021-07-20T00:22:09","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cementos-pacasmayo-s-a-a-announces-consolidated-results-for-second-quarter-2021\/"},"modified":"2021-07-19T20:22:09","modified_gmt":"2021-07-20T00:22:09","slug":"cementos-pacasmayo-s-a-a-announces-consolidated-results-for-second-quarter-2021","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cementos-pacasmayo-s-a-a-announces-consolidated-results-for-second-quarter-2021\/","title":{"rendered":"Cementos Pacasmayo S.A.A. Announces Consolidated Results for Second Quarter 2021"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Cementos Pacasmayo S.A.A. Announces Consolidated Results for Second Quarter 2021<\/b><\/p>\n<p>LIMA, Peru&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nCementos Pacasmayo S.A.A. and subsidiaries (NYSE: CPAC; BVL: CPACASC1) (\u201cthe Company\u201d or \u201cPacasmayo\u201d) a leading cement company serving the Peruvian construction industry, announced today its consolidated results for the second quarter (\u201c2Q21\u201d) and the six months (6M21) ended June 30, 2021. These results have been prepared in accordance with International Financial Reporting Standards (\u201cIFRS\u201d) and are stated in nominal Peruvian Soles (S\/).\n<\/p>\n<p><b>2Q21 Financial and Operational Highlights:<\/b><\/p>\n<p>\n(All comparisons are to 2Q20, unless otherwise stated)\n<\/p>\n<ul class=\"bwlistdisc\">\n<li><b>Sales volume<\/b> of cement, concrete and precast increased 257.2% mainly due to the continued increase in sales of bagged cement, to the self-construction segment and to the public sector for reconstruction related projects, and to the halt in commercialization experience during 2Q20. If we compare volume to 2Q19, which did not have any external effects, the increase is 41.8%.\n<\/li>\n<li><b>Revenues <\/b>increased 285.7%, mainly due to the continued increase in sales and to the halt in commercialization during 2Q20 mentioned above. When compared to 2Q19, revenues increased 37.0%.\n<\/li>\n<li><b>Consolidated EBITDA<\/b> of S\/90.0 million, an increase due to negative EBITDA during 2Q20 mainly due to the halt in sales of cement mentioned above, as well as the fixed costs derived from the halt in production during said quarter, as well as higher sales during 2Q21.\n<\/li>\n<li><b>Net income <\/b>of S\/ 27.7 million, an increase mainly due to the halt in commercialization mentioned above, as well as increased sales during this quarter.\n<\/li>\n<\/ul>\n<p><b>6M21 Financial and Operational Highlights: <\/b><\/p>\n<p>\n(All comparisons are to 6M20, unless otherwise stated)\n<\/p>\n<ul class=\"bwlistdisc\">\n<li><b>Sales volume <\/b>of cement, concrete and precast increased 124.1% mainly due to the continued increase in sales of bagged cement, to the self-construction segment and to the public sector for reconstruction related projects, and to the halt in commercialization experience during 2Q20.\n<\/li>\n<li><b>Revenues <\/b>increased 119.0%, mainly due to the continued increase in sales and to the halt in commercialization during 2Q20 mentioned above.\n<\/li>\n<li><b>Consolidated EBITDA <\/b>of S\/195.2 million, a 193.1% increase due to the halt in sales of cement and the increase in fixed costs mentioned above.\n<\/li>\n<li><b>Net income <\/b>of S\/ 59.5 million, an increase mainly due the loss during 6M20 because of the halt in commercialization mentioned above, as well as increased sales during this quarter.\n<\/li>\n<\/ul>\n<p><b>For a full version of Cementos Pacasmayo\u2019s Second Quarter 2021 Earnings Release, please visit <\/b><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fcementospacasmayo.com.pe&amp;esheet=52462350&amp;newsitemid=20210719005839&amp;lan=en-US&amp;anchor=http%3A%2F%2Fcementospacasmayo.com.pe&amp;index=1&amp;md5=a828f0b708300fd8d6cc2f00fa8d447e\">http:\/\/cementospacasmayo.com.pe<\/a>.\n<\/p>\n<p><b><span class=\"bwuline\">CONFERENCE CALL INFORMATION:<\/span><\/b><\/p>\n<p>\nCementos Pacasmayo will host a conference call on <b>Tuesday, July 19, 2021,<\/b> to discuss these results at <b>10:30 a.m. Eastern Time \/ 09:30 a.m. Lima Time.<\/b><\/p>\n<p>\nTo access the call, please dial:\n<\/p>\n<p>\n(844) 369-8770 (From within the U.S.)\n<\/p>\n<p>\n+1 862-298-0840 (From outside the U.S.)\n<\/p>\n<p>\nThere will also be a live Audio Webcast of the event at:\n<\/p>\n<p><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.webcaster4.com%2FWebcast%2FPage%2F1644%2F41907&amp;esheet=52462350&amp;newsitemid=20210719005839&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.webcaster4.com%2FWebcast%2FPage%2F1644%2F41907&amp;index=2&amp;md5=b2dfe60a4562cc2c6defa1ce308d3d0e\">https:\/\/www.webcaster4.com\/Webcast\/Page\/1644\/41907<\/a><\/p>\n<p><b>About Cementos Pacasmayo S.A.A.<\/b><\/p>\n<p>\nCementos Pacasmayo S.A.A. is a cement company, located in the Northern region of Peru. In February 2012, the Company\u2019s shares were listed on The New York Stock Exchange &#8211; Euronext under the ticker symbol &#8220;CPAC&#8221;. With more than 60 years of operating history, the Company produces, distributes and sells cement and cement-related materials, such as concrete blocks and ready-mix concrete. Pacasmayo\u2019s 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.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210719005839r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210719005839\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210719005839\/en\/<\/a><\/span><\/p>\n<p>\nCementos Pacasmayo S.A.A.<br \/>\n<br \/>In Lima, Peru:<br \/>\n<br \/>Manuel Ferreyros, CFO<br \/>\n<br \/>Claudia Bustamante<br \/>\n<br \/>Investor Relations Manager<br \/>\n<br \/>+51-958699760<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:cbustamante@cpsaa.com.pe\">cbustamante@cpsaa.com.pe<\/a><\/p>\n<p><b>KEYWORDS:<\/b> South America Peru<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Chemicals\/Plastics Mining\/Minerals Other Construction &amp; Property Manufacturing Natural Resources Construction &amp; Property Other Manufacturing<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Cementos Pacasmayo S.A.A. Announces Consolidated Results for Second Quarter 2021 LIMA, Peru&#8211;(BUSINESS WIRE)&#8211; Cementos Pacasmayo S.A.A. and subsidiaries (NYSE: CPAC; BVL: CPACASC1) (\u201cthe Company\u201d or \u201cPacasmayo\u201d) a leading cement company serving the Peruvian construction industry, announced today its consolidated results for the second quarter (\u201c2Q21\u201d) and the six months (6M21) ended June 30, 2021. These results have been prepared in accordance with International Financial Reporting Standards (\u201cIFRS\u201d) and are stated in nominal Peruvian Soles (S\/). 2Q21 Financial and Operational Highlights: (All comparisons are to 2Q20, unless otherwise stated) Sales volume of cement, concrete and precast increased 257.2% mainly due to the continued increase in sales of bagged cement, to the self-construction segment and to the public sector for reconstruction related &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cementos-pacasmayo-s-a-a-announces-consolidated-results-for-second-quarter-2021\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Cementos Pacasmayo S.A.A. Announces Consolidated Results for Second Quarter 2021&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-514776","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cementos Pacasmayo S.A.A. Announces Consolidated Results for Second Quarter 2021 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cementos-pacasmayo-s-a-a-announces-consolidated-results-for-second-quarter-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cementos Pacasmayo S.A.A. Announces Consolidated Results for Second Quarter 2021 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Cementos Pacasmayo S.A.A. Announces Consolidated Results for Second Quarter 2021 LIMA, Peru&#8211;(BUSINESS WIRE)&#8211; Cementos Pacasmayo S.A.A. and subsidiaries (NYSE: CPAC; BVL: CPACASC1) (\u201cthe Company\u201d or \u201cPacasmayo\u201d) a leading cement company serving the Peruvian construction industry, announced today its consolidated results for the second quarter (\u201c2Q21\u201d) and the six months (6M21) ended June 30, 2021. These results have been prepared in accordance with International Financial Reporting Standards (\u201cIFRS\u201d) and are stated in nominal Peruvian Soles (S\/). 2Q21 Financial and Operational Highlights: (All comparisons are to 2Q20, unless otherwise stated) Sales volume of cement, concrete and precast increased 257.2% mainly due to the continued increase in sales of bagged cement, to the self-construction segment and to the public sector for reconstruction related &hellip; Continue reading &quot;Cementos Pacasmayo S.A.A. 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