Unión Andina de Cementos S.A.A. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 15, 2021
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Unión Andina de Cementos S.A.A. Announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was PEN 1,193.129 million compared to PEN 515.474 million a year ago. Operating income was PEN 197.938 million compared to operating loss of PEN 71.774 million a year ago. Net income was PEN 62.925 million compared to net loss of PEN 120.633 million a year ago. For the half year, sales was PEN 2,280.088 million compared to PEN 1,420.811 million a year ago. Operating income was PEN 537.284 million compared to PEN 100.022 million a year ago. Net income was PEN 264.276 million compared to net loss of PEN 66.790 million a year ago.
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.