Financial Performance - For the three-month period ended September 30, 2024, sales of goods reached S/517,754, a slight increase from S/516,664 in the same period of 2023, reflecting a growth of 0.2%[13] - Gross profit for the three-month period ended September 30, 2024, was S/195,756, compared to S/174,639 in the same period of 2023, indicating an increase of 12.1%[13] - Operating profit for the three-month period ended September 30, 2024, rose to S/116,473, up from S/91,561 in the same period of 2023, marking a significant increase of 27.2%[13] - Profit for the period for the three months ended September 30, 2024, was S/62,539, compared to S/46,115 in the same period of 2023, representing a growth of 35.7%[14] - Total comprehensive income for the period of S/62,410 for the three months ended September 30, 2024, compared to S/46,115 in the same period of 2023, an increase of 35.4%[18] - For the nine-month period ended September 30, 2024, the Group recorded total revenue from external customers of S/1,451,399,000, an increase from S/1,438,698,000 in the same period of 2023[74] - The net profit attributable to ordinary equity holders for the nine-month period ended September 30, 2024, was S/148,795,000, compared to S/133,041,000 for the same period in 2023[84] - Profit before income tax for the nine-month period ended September 30, 2024, was S/218,930,000, up from S/190,152,000 in 2023, indicating a growth of 15.1%[118] - The company reported a profit for the year of S/148,795,000 for the nine-month period ended September 30, 2024, compared to S/133,041,000 in 2023, representing an increase of 11.8%[118] Assets and Liabilities - As of September 30, 2024, total assets increased to S/3,289,380, up from S/3,221,735 as of December 31, 2023, representing a growth of 2.1%[11] - Total current liabilities increased to S/716,879 as of September 30, 2024, from S/689,388 as of December 31, 2023, reflecting a rise of 4.0%[11] - Total equity increased to S/1,338,607 as of September 30, 2024, compared to S/1,190,008 as of December 31, 2023, indicating a growth of 12.5%[11] - As of September 30, 2024, the Group's total financial assets increased to S/345,313,000 from S/233,527,000 in 2023, representing a growth of approximately 47.7%[91] - The Group's total financial liabilities decreased to S/1,756,001,000 in 2024 from S/1,804,537,000 in 2023, a reduction of about 2.7%[91] - The company’s financial obligations as of September 30, 2024, amounted to S/1,499,746,000, with a notable increase in obligations due in 3 to 12 months[132] Cash Flow and Investments - Cash flows from operating activities for the three-month period ended September 30, 2024, amounted to S/(000) 137,248, down from S/(000) 247,857 in the same period of 2023[22] - The company reported a net cash flow used in investing activities of S/(000) (44,299) for the three-month period ended September 30, 2024, compared to S/(000) (97,128) in the same period of 2023[24] - The company’s cash and cash equivalents increased to S/139,536 as of September 30, 2024, from S/90,193 as of December 31, 2023, reflecting a growth of 54.7%[11] - Cash and cash equivalents at the end of the period on September 30, 2024, were S/(000) 139,536, down from S/(000) 177,124 at the end of the same period in 2023[24] Shareholder Information - Earnings per share for the three-month period ended September 30, 2024, was S/0.15, up from S/0.11 in the same period of 2023, representing a growth of 36.4%[14] - The company paid dividends of S/(000) 141 during the three-month period ended September 30, 2024, compared to S/(000) 127 in the same period of 2023[24] - As of September 30, 2024, dividends payable amounted to S/10,193,000, slightly down from S/10,322,000 as of December 31, 2023[59] Operational Metrics - The company incurred depreciation and amortization expenses of S/(000) 38,103 for the three-month period ended September 30, 2024, slightly up from S/(000) 37,377 in the same period of 2023[22] - Additions to property, plant, and equipment for the nine-month period ended September 30, 2024, amounted to S/38,744,000, a decrease from S/241,178,000 for the same period in 2023[56] - The Group sold assets with a net book value of S/757,000 during the nine-month period ended September 30, 2024, resulting in a net gain on disposal of S/3,557,000[57] Risk Management - The company is exposed to foreign currency risk, with a potential impact on consolidated profit before tax of S/(1,376,000) for a 5% increase in the US dollar exchange rate[129] - The liquidity planning tool is utilized to monitor the risk of fund shortages, ensuring continuity of funding and flexibility[130] Taxation - The total income tax expense for the nine-month period ended September 30, 2024, was S/70,135,000, compared to S/57,111,000 for the same period in 2023[71] - The Group's income tax rate remains at 29.5% of taxable profit after deductions, consistent with the previous year[104] Employee Compensation - The company’s total short-term compensation expense for key management personnel was S/19,820,000 for the nine-month period ended September 30, 2024[80]
Cementos Pacasmayo(CPAC) - 2024 Q3 - Quarterly Report