Loma Negra Reports 3Q19 Results
(WorldNews Argentina)

Loma Negra Reports 3Q19 Results BUENOS AIRES, Argentina--(BUSINESS WIRE)-- Loma Negra (NYSE: LOMA) (BYMA: LOMA), (`Loma Negra` or the `Company`), the leading cement producer in Argentina, today announced results for the three-month and nine-month period ended September 30, 2019 (our `3Q19`). 3Q19 Key Highlights Net revenue decreased 7.6% YoY to Ps.9,178 million (US$172 million) Consolidated Adjusted EBITDA up 2.7% YoY to Ps.2,645 million (US$52 million), principally driven by the Cement and Railroad segment, and partially offset by non-recurrent production-footprint adequacy costs of approximately Ps.61 million (US$1.2 million). Excluding this non-recurrent charge, Adjusted EBITDA would have...