Loma Negra Compania Industrial Argentina Sociedad Anonima (LOMA) has released an update.
Loma Negra Compania Industrial Argentina Sociedad Anonima showcased resilience in its 3Q24 financial results despite a challenging economic environment, with a notable recovery in cement dispatches and effective cost control measures. The company’s net revenues fell by 21.2% to Ps. 180.7 billion, while adjusted EBITDA decreased by 18.5%, but a solid balance sheet was maintained with a net debt of US$ 177 million. The cement segment managed to maintain its margins, whereas other segments like concrete and railroad saw margin expansions, highlighting Loma Negra’s strategic adaptability.
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