Loma Negra reports Q3 results (recent IPO)
- Co reports Q3 net profit of $316 mln versus $120 mln last year; net revenue 54% YoY to $4.17 bln
- Gross profit margin increased 381 basis points to 27.9%
- Adjusted EBITDA in period reached Ps.1,005 million representing US$58 million
- Co successfully completed initial public offering
Description
Loma Negra Compania Industrial Argentina SA is an Argentina-based company engaged in the cement and concrete segment. The Company focuses on the manufacture and commercialization of cement and related products, such as lime, masonry cement, as well as concrete and aggregates. The Company offers Portland cement, lime and masonry cement packed in bags. Its products are mainly distributed to professionals in the construction and engineering sector. The Company is controlled by Intercement Brasil SA.
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