Unión Andina De Cementos S.A.A. Reports Consolidated Earnings Results for the Fourth Quarter and Full Year of 2019
March 09, 2020 at 11:00 am EDT
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Unión Andina de Cementos S.A.A. reported consolidated earnings results for the fourth quarter and full year of 2019. Operating profit for the year was PEN 751 million, higher by 5.9% than the PEN 709 million recorded in 2018. Net profit for the year was PEN 350 million versus PEN 183 million during 2018, a significant improvement due to the factors mentioned before. Revenues increased by 5.5% compared to 2018.
Revenues during the fourth quarter 2019 increased by 0.6% versus the fourth quarter 2018, driven mostly by higher energy revenues in Peru and ready-mix dispatches in Skanon.
UNACEM Corp S.A.A. is a Peru-based company engaged in the production, distribution and sale of ready mixed concrete, and related goods and services. In addition to ready mixed concrete, the Company produces and sells aggregates for construction, blocks and paving stones, and provides concrete pumping and shotcrete services for tunnel support. The Company's products include Progre-Sol: hardware store network, Hatun-Sol: Microfinance, and Duravia: Concrete Pavement. The Company's Progre-Sol Network supplies approximately 6,500 independent hardware stores in Metropolitan Lima or outside the capital, as well as construction workers, brick layers and self-builders. Its HatunSol provides various loans in the form of construction materials and labor, and transport of materials to the building site. The Company owns a plant in Lima and a plant in Junin, whose annual production capacity is over 6.7 million tons of clinker and over 7.6 million tons of cement.
UNACEM CORP S.A.A. 
