Loma Negra Compania Industrial Argentina Sociedad Anonima (LOMA) has released an update.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Loma Negra, Argentina’s premier cement producer, announced a challenging first quarter for 2024 with net sales revenues dropping 27% year-over-year, primarily due to a 31.3% fall in Cement segment sales volumes. Despite the downturn, the company achieved a 151% increase in net profit, attributed to a substantial finance gain. The company’s CEO remains cautiously optimistic about recovery, citing the country’s economic stabilization efforts and Loma Negra’s robust business foundations.
For further insights into LOMA stock, check out TipRanks’ Stock Analysis page.
