Welcome to our dedicated page for Cementos Pacasma news (Ticker: CPAC), a resource for investors and traders seeking the latest updates and insights on Cementos Pacasma stock.
Cementos Pacasmayo S.A.A. (CPAC) is a Peruvian cement company located in the northern region of Peru, focused on producing, distributing and selling cement, ready-mix concrete, precast materials and quicklime. The news flow around CPAC centers on its role in the Peruvian construction industry and its financial and corporate developments as a foreign private issuer listed on the New York Stock Exchange.
On this news page, readers can follow the company’s periodic announcements of consolidated results for each quarter and the full year. These releases typically discuss sales volumes of cement, concrete and precast materials, revenue trends, EBITDA performance and net income, along with commentary on demand from bagged cement, infrastructure-related projects and public sector investment. The company also highlights operational factors such as efficiencies from new kilns and raw material cost conditions.
Investors can also track corporate actions and governance events. Recent news includes the filing of the annual report on Form 20-F with the U.S. Securities and Exchange Commission, notices of the Annual Shareholders’ Meeting, and decisions by the Board of Directors regarding annual cash dividends on common shares, investment shares and ADSs. The company’s communications describe the mechanics of dividend distribution and relevant record and payment dates.
Another key news theme is ownership and control. Cementos Pacasmayo has reported that majority shareholders of Inversiones ASPI S.A., which owns 50.01% of the company’s share capital, entered into a share purchase agreement with Holcim Ltd., subject to regulatory approvals and conditions precedent. Updates on this transaction, as well as changes in principal legal representatives and other material events, are provided through press releases and Form 6-K filings. Users interested in CPAC can use this page to monitor these developments and review the company’s official communications over time.
Cementos Pacasmayo S.A.A (NYSE: CPAC) announced its 4Q21 and 2021 consolidated results, showing a 10.4% increase in revenues driven by higher cement prices despite a 6.2% decline in sales volume. Consolidated EBITDA rose by 10.5% to S/ 141.5 million, maintaining a 27% EBITDA margin. Net income increased by 8.6% to S/ 51.6 million. For the full year, revenues grew by 49.5% and net income surged 164.5%, reflecting a strong recovery from 2020's downturn. The company also received recognition in the Sustainability Yearbook 2022.
Cementos Pacasmayo S.A.A. (NYSE: CPAC) reported its 3Q21 and 9M21 financial results, showing a significant recovery in demand. Sales volume increased 14.4% in 3Q21 and 49% in 9M21, leading to a 24.5% rise in revenues. Despite this, net income for 3Q21 fell 6.9% to S/ 42.1 million due to cost increases. The company plans to invest US$ 70 million to expand its plant capacity amid rising demand. EBITDA margins decreased, primarily attributed to the use of imported clinker.
Cementos Pacasmayo S.A.A. (NYSE: CPAC) reported significant growth in its 2Q21 and 6M21 results, primarily driven by a remarkable recovery from the commercial halt in 2Q20. Sales volume surged by 257.2% in 2Q21 and 124.1% in 6M21. Correspondingly, revenues soared by 285.7% and 119.0%, respectively. Consolidated EBITDA increased to S/90 million for 2Q21 and S/195.2 million for 6M21, indicating strong profitability. Net income also rose to S/27.7 million for the quarter and S/59.5 million for the half-year.
Cementos Pacasmayo (NYSE: CPAC) reported strong financial results for Q4 2020, with a 37.2% increase in sales volume, largely driven by bagged cement sales for self-construction and public sector projects. Revenues rose by 27.1%, while consolidated EBITDA reached S/ 128.1 million, a 27% year-over-year rise. Net income soared 61% to S/ 47.5 million. Despite a 6.9% revenue decline for the full year due to production halts in Q2, market share improved to 25.6%. Cementos Pacasmayo was also recognized in the Sustainability Yearbook 2021.
Cementos Pacasmayo S.A.A. (NYSE: CPAC) announced a cash dividend of S/ 0.23 per common and investment share, totaling S/ 106,753,888.89 from retained earnings as of December 31, 2015. This decision aligns with the directive from the Annual Shareholder's Meeting held on July 9, 2020. The lower dividend reflects the company's priority to maintain workforce health and safety during the pandemic. The dividend will be distributed on December 18, 2020, with specific payment details for ADS holders through JP Morgan Chase Bank.
Cementos Pacasmayo S.A.A. (NYSE: CPAC) reported strong third-quarter results for 2020, with a 14.2% increase in sales volume, driven by cement sales primarily for self-construction and reconstruction projects. Revenues rose 6.3%, while consolidated EBITDA reached S/ 120.6 million, an 8.2% increase, marking a historical high. However, for the nine months ended September 30, 2020, sales volume declined 15.4% and revenues dropped 19.4% due to a halt in production. Net income decreased 89.9% for the nine months, but the company expects a continued recovery.