- In 1Q12, cement demand was stronger than anticipated as volumes increased 17% compared to 1Q11.
- Revenues in 1Q12 increased 20.4% compared to 1Q11.
- Gross margin remained high at 39.4%.
- The Phosphate project remains on schedule and is expected to initiate production in 2016.
|Financial and Operating Results|
|In thousands of metric tons|
|Cement, concrete and blocks volume||534.5||452.5||18.1%|
|in millions of S/.|
|Sales of goods||277.3||230.4||20.4%|
|Net income of controller||40.6||38.8||4.6%|
|Net cash flows provided by operating activities||-13.6||17.0||N/M|
|Net cash flows used in investing activities||-455.7||-53.1||N/M|
|Net Income of Controller Margin||14.6%||16.8%||-2.2pp.|