Cementos Pacasmayo S.A.A. and subsidiaries (NYSE: CPAC; BVL: CPACASC1) (“the Company” or “Cementos Pacasmayo”) a leading Peruvian cement company, announced today its consolidated results for the second quarter (“2Q13”) and six-month (“6M13”) periods ended June 30, 2013. These results have been prepared in accordance with International Financial Reporting Standards (“IFRS”) and are stated in nominal Peruvian Nuevos Soles (S/.). Financial Highlights: It is important to note the following highlights:
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- Cement sales volume increased 9.1% in 2Q13 compared to 2Q12
- Gross profit increased from 37.0% in 2Q12 to 45.4% in 2Q13
- Consolidated EBITDA increased 60.0% in 2Q13 compared to 2Q12 (S/. 91.5 million vs. S/. 57.2 million).
- Consolidated EBITDA margin increased from 21.5% in 2Q12 to 31.0% in 2Q13
- Operating profit increased 72.9% in 2Q13 compared to 2Q12
- Net income decreased 21.7% in 2Q13 compared to 2Q12, mainly due to exchange rate fluctuations
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http://www.cementospacasmayo.com.pe/investors/ Note on Forward-Looking Statements This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management’s current view and estimates of future economic circumstances, industry conditions, Company performance and financial results. Also, certain reclassifications have been made to make figures comparable for the periods. The words “anticipates”, “believes”, “estimates”, “expects”, “plans” and similar expressions, as they relate to the Company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.