Loma Negra Compañía Industrial Argentina Sociedad Anónima Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 09, 2023 at 05:28 pm EDT
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Loma Negra Compañía Industrial Argentina Sociedad Anónima reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was ARS 50,911 million compared to ARS 54,474 million a year ago. Net income was ARS 2,544 million compared to ARS 5,366 million a year ago. Basic earnings per share from continuing operations was ARS 21.803 compared to ARS 45.8285 a year ago.
For the six months, sales was ARS 101,154 million compared to ARS 103,304 million a year ago. Net income was ARS 9,070 million compared to ARS 13,378 million a year ago. Basic earnings per share from continuing operations was ARS 77.7175 compared to ARS 107.939 a year ago.
Loma Negra Compania Industrial Argentina SA is an Argentina-based vertically integrated company active in the cement industry. It produces and distribute cement, masonry cement, aggregates, concrete, and lime, primarily used in private and public construction, to wholesale distributors, concrete producers, and industrial customers, among others. The Company operates five segments: Cement, masonry cement and lime Argentina, Cement Paraguay, Concrete, Aggregates, Railroad and Others. Cement, masonry cement and lime Argentina includes the cement, masonry cement and lime business in Argentina. Cement Paraguay includes the cement business in Paraguay. Concrete includes principally the production and sale of ready-mix concrete. Aggregates includes the production and sale of granitic aggregates. Railroad includes the provision of the railroad transportation service. Others includes the industrial waste treatment and recycling business to produce materials for use as fuel o raw material.
LOMA NEGRA COMPAÑÍA INDUSTRIAL ARGENTINA SOCIEDAD ANÓNIMA 
