Loma Negra Compania Industrial Argentina Sociedad Anonima (LOMA) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Loma Negra Compania Industrial Argentina Sociedad Anonima showcased resilience in its 3Q24 financial results despite a challenging economic environment, with a notable recovery in cement dispatches and effective cost control measures. The company’s net revenues fell by 21.2% to Ps. 180.7 billion, while adjusted EBITDA decreased by 18.5%, but a solid balance sheet was maintained with a net debt of US$ 177 million. The cement segment managed to maintain its margins, whereas other segments like concrete and railroad saw margin expansions, highlighting Loma Negra’s strategic adaptability.
For further insights into LOMA stock, check out TipRanks’ Stock Analysis page.
