Antioquia companies continue to deliver their notes for the second quarter of this year. This time the turn was for Cementos Argos, a Grupo Argos company, which recorded revenues of $2.9 billion.
Is regarding a historical figure for a quarterthe company reported, arguing that ready-mix volumes were favored by solid sales dynamics in the United States and Colombia, mainly.
With this, revenues rose 15.3% compared to the same period in 2021, although it should be noted that profits had a sharp drop of 96.7%going from $164,000 million (April-June 2021) to $5,000 million.
According to Cemargos, this latest behavior is due to “non-recurring asset sales operations that were reflected in the results of the second quarter of 2021”, referring particularly to the sale of 23 concrete companies in the United States last year.
In any case, it is worth noting that in the first semester in general the company $5.4 billion (13.3% more), while its profit closed at $27,000 million (87.6% less).
“We are convinced of the great opportunity that lies ahead of us to lead the industry in sustainability and generate greater value for our shareholders and all stakeholders,” said Juan Esteban Calle, president of Cementos Argos, following learning of the results.
