Loma Negra Reports Q3 Profitability Turnaround with Increased USD Revenue
Loma Negra (LOMA) reported a significant turnaround in its third-quarter financial results, transitioning from a loss of Ps.96.76 per ADR in the previous year to a GAAP EPS of Ps.130.40 per ADR. While local currency revenue saw a slight decline of 3.2% year-over-year to Ps.270.1 billion, the company's performance in U.S. dollars showed robust growth, increasing by 14.9% compared to the same period last year. The company achieved a net profit of Ps.14.5 billion for the quarter. These results highlight Loma Negra's ability to navigate local currency volatility and maintain strong top-line growth when measured against international benchmarks, signaling improved operational efficiency despite domestic inflationary pressures.