{
  "id": 18670152,
  "title": "Argentina Cement Maker Swings Back to Profit",
  "url": "https://urgent.news/2026/11/07/argentina-cement-maker-swings-back-to-profit",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-07T07:53:09.000Z",
  "source": {
    "name": "The Rio Times",
    "slug": "the-rio-times",
    "url": "https://www.riotimesonline.com/argentina-cement-maker-swings-back-to-profit-2026/"
  },
  "original_language": "en",
  "account": "Argentina's leading cement producer, Loma Negra, has returned to profit in a challenging building market despite a decline in sales. The company reported a net profit of 14.5 billion pesos (approximately US$9.5 million) for the third quarter, reversing a loss from the previous year. Despite a 3.2% drop in net sales to 270.1 billion pesos (about US$180 million), the company's financial gain played a significant role in the profit turnaround, primarily due to a reduction in net financial expenses and a weaker peso. Cement volumes fell by 6.3% to 1.28 million tons due to weak July and August sales caused by heavy rains, while concrete volumes dropped by 24.9%. The company's adjusted EBITDA margin improved to 24.9%, driven by higher prices despite higher costs. The quarter saw a US$150 million local market note issue to refinance short-term debts. Loma Negra's CEO, Sergio Faifman, noted better weather in September as an encouraging sign for the future.",
  "summary": "Loma Negra, a cement maker listed in New York, swung to a profit in the third quarter even as sales fell 3.2% and concrete volumes dropped 25%. The post Argentina Cement Maker Swings Back to Profit appeared first on The Rio Times .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}