[ad_1]
SECOND QUARTER OF 2018
Buenaventura's turnover grew by 25.7% in the second quarter thanks to the good performance of the mining company Cerro Verde, which achieved a profitability of 80.9 % during the same period. Credicorp Capital
28/7/2018
He stated that COGS (cost of goods sold is the ratio of sales and expenses needed to produce and store the product) increased by 19.7% due to A higher volume sold.
Similarly, shareholders' income was $ 39 million, an increase over the same period of 2017 (-6.2 million), mainly due to Cerro Verde's strong net income.
On the other hand, Credicorp Capital reported that the wall removal program continues to advance at a good pace, so that the revenues of the mining companies Tambomayo and El Brocal will contribute rent. The capacity of Buenaventura in the second half of 2018.
On the other hand, the company specified that Cerro Verde recorded a net profit of 188.9 million dollars (80.9%) in the mentioned period .
"Better prices and a higher volume of sales compensate for a strong contribution from Cerro Verde," he said
Something else
The Tambomayo, Orcopampa and Uchucchacua projects also progress at a good pace. Although the results will be visible in 2019.
Source link
