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Loma Negra Compañía Industrial Argentina Sociedad Anónima American Depositary Shares (ADSs), each representing five ordinary shares - $LOMA STOCK NEWS

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Loma Negra, the leading cement producer in Argentina, filed its annual report for the fiscal year 2023 on Form 20-F with the SEC. The report and audited financial statements are available on the SEC's and the Company's websites.

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Loma Negra, the leading cement producer in Argentina, reported a decrease in net revenues by 6.6% YoY to Ps. 422,161 million in FY23. The Consolidated Adjusted EBITDA decreased by 25.7% YoY to Ps. 100,351 million, with a margin of 23.8%. Net income increased by 70.7% YoY to Ps. 10,305 million. The company distributed dividends of Ps. 39.4 billion in FY23. In 4Q23, net sales revenues decreased by 13.2% YoY to Ps. 99,398 million, with a Net Loss of Ps. 19,780 million. The company issued Class 4 domestic bonds worth US$ 10.0 million. Net Debt increased to Ps. 140.636 million, with a Net Debt/LTM Adjusted EBITDA ratio of 1.40x.
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Loma Negra (NYSE:LOMA) announced 3Q23 results with net sales revenues down 8.3% YoY to Ps. 74,182 million, Adjusted EBITDA reaching Ps. 17,189 million, and a net profit of Ps. 7,501 million. The company also issued domestic bonds to refinance debt and extended its net debt/LTM Adjusted EBITDA ratio to 0.97x.
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Loma Negra (NYSE:LOMA)(BYMA:LOMA) announced its 2Q23 results, with net sales revenues decreasing by 6.5% YoY to Ps. 50,911 million, consolidated adjusted EBITDA reaching Ps. 11,670 million, net profit showing a reduction of 53.0% versus the same period of the previous year, and the company issuing its Class 2 of domestic bonds in the total principal amount of US$ 71.7 million.
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Loma Negra Compañía Industrial Argentina Sociedad Anónima American Depositary Shares (ADSs), each representing five ordinary shares

NYSE:LOMA

LOMA Rankings

LOMA Stock Data

874.06M
219.50M
19.4%
0.3%
Cement Manufacturing
Manufacturing
Link
United States of America
Buenos Aires

About LOMA

Loma Negra Companía Industrial Argentina S.A. is an Argentine manufacturer and the countrys leading maker of cement, concrete, and lime. The company, established by businessman Alfredo Fortabat, also founded its own sports club, C.S.yD. Loma Negra three years later.