Unión Andina de Cementos S.A.A. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2021
March 28, 2022
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Unión Andina de Cementos S.A.A. reported earnings results for the fourth quarter and full year ended December 31, 2021. For the fourth quarter, the company reported sales was PEN 1,430.79 million compared to PEN 1,154.22 million a year ago. Net income was PEN 160 million compared to PEN 95.47 million a year ago. Basic earnings per share from continuing operations was PEN 0.088 compared to PEN 0.053 a year ago. Diluted earnings per share from continuing operations was PEN 0.088 compared to PEN 0.053 a year ago.
For the full year, sales was PEN 5,066.42 million compared to PEN 3,575.31 million a year ago. Net income was PEN 498.82 million compared to PEN 83.07 million a year ago. Basic earnings per share from continuing operations was PEN 0.274 compared to PEN 0.046 a year ago. Diluted earnings per share from continuing operations was PEN 0.274 compared to PEN 0.046 a year ago.
UNACEM Corp S.A.A. is a Peru-based company engaged in the production, distribution and sale of ready mixed concrete, and related goods and services. In addition to ready mixed concrete, the Company produces and sells aggregates for construction, blocks and paving stones, and provides concrete pumping and shotcrete services for tunnel support. The Company's products include Progre-Sol: hardware store network, Hatun-Sol: Microfinance, and Duravia: Concrete Pavement. The Company's Progre-Sol Network supplies approximately 6,500 independent hardware stores in Metropolitan Lima or outside the capital, as well as construction workers, brick layers and self-builders. Its HatunSol provides various loans in the form of construction materials and labor, and transport of materials to the building site. The Company owns a plant in Lima and a plant in Junin, whose annual production capacity is over 6.7 million tons of clinker and over 7.6 million tons of cement.
UNACEM CORP S.A.A. 
