Loma Negra Compania Industrial Argentina Sociedad Anonima (LOMA) has released an update.
Loma Negra, Argentina’s leading cement producer, reported a 21.2% drop in net sales revenues for Q3 2024, largely due to decreased cement segment volumes. Despite challenges, the company achieved an EBITDA margin expansion and reduced net debt, signaling potential recovery as industry volumes begin to improve. CEO Sergio Faifman expressed optimism about the company’s near-term future, citing encouraging results amid economic stabilization.
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