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Loma Negra's sales fell 3.2% last quarter, but it made a profit of Ps. 14,482 million.

ResultsRead the original at prnewswire.com
Neutral

Loma Negra's sales fell 3.2%, and EBITDA fell 6.7% in pesos, but rose 16.2% in dollars. Profit returned mainly from a financial gain, while the 1.00-times debt-to-operating-profit ratio and a $150 million refinancing bond provide support; the report points neither way.

LOMA · Loma Negra

AI read · Neutral

The AI's read

The profit change is less revealing than it first appears. Loma Negra said it mainly came from a financial gain, not stronger sales. Sales and EBITDA fell in pesos, though EBITDA rose in dollars. A bond will refinance upcoming debt payments, and the debt-to-operating-profit ratio reached 1.00 times. These signs point in different directions, so the report does not clearly change the company's outlook.

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