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Cementos Pacasmayo S.A.A. Announces Consolidated Results for First Quarter 2019

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LIMA, Peru–(BUSINESS WIRE)–Cementos Pacasmayo S.A.A. and subsidiaries (NYSE: CPAC) (BVL: CPACASC1)
(“the Company” or “Pacasmayo”) a leading cement company serving the
Peruvian construction industry, announced today its consolidated results
for the first quarter (“1Q19”) ended March 31, 2019. These results have
been prepared in accordance with International Financial Reporting
Standards (“IFRS”) and are stated in nominal Peruvian Soles (S/).

1Q19 Financial and Operational Highlights:

(All comparisons are to 1Q18, unless otherwise stated)

  • Sales volume of cement, concrete and precast increased 5.4%
    primarily due to increased sales volume of cement to the public sector
    and in the city of Iquitos, which we begun to serve more aggressively
    this quarter.
  • Revenues remained in line with 1Q18, despite the increase in
    sales volume, mainly due to high prices in 1Q18, as well as decreased
    sales of quicklime during this quarter.
  • Consolidated EBITDA of S/93.6 million, in line with 1Q18 and a
    2.8% increase when compared to 4Q18.
  • Cement EBITDA margin of 30.0% in line with 1Q18, a 3.3
    percentage point increase when compared to 4Q18.
  • Net income of S/ 30.1 million, a 1% increase mainly due to
    lower expenses.

CONFERENCE CALL INFORMATION:

Cementos Pacasmayo will host a conference call on Tuesday, April
30 2019,
 to discuss these results at 11:30 a.m. Eastern
Time and 10:30 a.m. Lima Time.

To access a replay of this call will be available through May 30, 2019

To obtain the replay, please call:
877-481-4010 from within the U.S.
+1-919-882-2331
from outside the U.S.
Replay ID: # 45828

There will also be a live Audio Webcast of the event available at: https://www.investornetwork.com/event/presentation/45828

A replay of the webcast will be available at the above link for one year
following the call.

About Cementos Pacasmayo S.A.A.

Cementos Pacasmayo S.A.A. is a cement company, located in the Northern
region of Peru. In February 2012, the Company’s shares were listed on
The New York Stock Exchange – Euronext under the ticker symbol “CPAC”.
With more than 61 years of operating history, the Company produces,
distributes and sells cement and cement-related materials, such as
concrete blocks and ready-mix concrete. Pacasmayo’s products are
primarily used in construction, which has been one of the
fastest-growing segments of the Peruvian economy in recent years. The
Company also produces and sells quicklime for use in mining operations.

For more information, please visit http://www.cementospacasmayo.com.pe.

Contacts

Cementos Pacasmayo S.A.A.
In Lima, Peru:
Manuel Ferreyros, CFO
Claudia
Bustamante
Investor Relations Manager
+511-317-6000 Ext. 2165
[email protected]


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Cannabis

Sannabis, Inc. (OTC: USPS) Announces First Shipment of Cannabis Essential Oil from Colombia to U.S. to Fill First Order, as the DEA Re-Classifies Marijuana from Schedule I to Schedule III

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Humboldt Seed Company partners with Apollo Green to bring California cannabis genetics to the global marketplace

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Apollo Green to distribute Humboldt Seed Company clonal cannabis genetics to Germany, Portugal and Australia

SAN FRANCISCO, April 30, 2024 /PRNewswire/ — Humboldt Seed Company (HSC), California’s leading cannabis seed producer, has announced a partnership with Canadian-based Apollo Green to make eight breeder cuts available to researchers, licensed commercial cultivators and home growers in legal markets worldwide. This first-to-market clonal genetics release is a significant milestone and will expand access to distinctive, high-quality cannabis genetics in both established and emerging global markets including Germany, Portugal and Australia.

The curated, breeder-verified selection includes pioneering triploid genetics, such as OG Triploid and Donutz Triploid alongside the legendary cult classic Blueberry Muffin. Also available are All Gas OG with a THC content of 21% and four high-THC strains in the 30-35% range: Golden Sands, Guzzlerz, Jelly Donutz and Orange Creampop. These selections represent the top .01% from HSC’s extensive California pheno-hunting program.

Exports will begin in May under Apollo Green’s Canadian federal cannabis license. All shipments have Canadian phytosanitary certification, ensuring plants have been inspected, and are clean and free of pests.

“Access for all to quality genetics has been our core focus since the beginning,” said HSC Co-founder and Chief Science Officer, Benjamin Lind. “Our science-based approach to breeding aligns perfectly with Apollo Green’s high standards and we are excited to be able to extend these hand-selected cuts to a wider audience, especially at this pivotal time where we’re seeing positive regulatory changes globally.”

Oisin Tierney, Apollo Green Director of Business Development, said, “California has long been recognized for setting industry standards, and we are proud to play a role in bringing these esteemed genetics to cultivators worldwide. The triploids are especially noteworthy in terms of the unprecedented potential for enhanced plant vigor, higher yields, shorter flowering times and superior returns for solventless extraction.”

About Humboldt Seed Company

Established in 2001, Humboldt Seed Company is a Northern California heritage brand providing quality cannabis genetics to commercial cultivators and home growers in legalized states across the U.S. and international markets including Spain, Canada, Jamaica, South Africa, Colombia, France, Portugal, Greece, the UK, Malta and Thailand. With a focus on environmental and social justice, they combine traditional breeding and modern scientific practices in their strain development program. They have served the cannabis community for over two decades.

For more information visit https://humboldtseedcompany.com/.

About Apollo Green

Licensed since 2019, Apollo Green is Canada’s leader in cannabis genetics. The company’s mission is to provide an ever-growing bank of seeds and clones to medical patients and recreational consumers. Apollo Green provides clean, trusted cannabis seeds and clones, which are backed by the foremost tissue culture technology to reduce risks, costs and time-to-market for licensed producers around the world. Apollo Green is passionate about cannabis genetics. 

For more information visit https://apollogreen.com/.

Media contact
Jaana Prall
[email protected] 

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