Loma Negra Compania Industrial Argentina Sociedad Anonima (LOMA) has released an update.
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Loma Negra, Argentina’s leading cement producer, reported a 28% drop in net sales revenue and a 32.5% decrease in cement segment sales volumes for the second quarter of 2024, attributed to challenging economic conditions. Despite the sales volume decline, the company saw a 225.9% surge in net profit and an improved EBITDA margin, indicating significant operational efficiency and a positive trend in cement volume recovery since March. The company remains optimistic about further recovery in the industry, buoyed by the Milei administration’s stabilization program showing early signs of success.
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