The bitter and tough times for sugar and cement

Image: Expreso

Figures of concern in a year of economic complications as 2015 are sales. And the situation is clear: the construction and sugarcane are the hardest hit sectors.

Companies are raising their financial statements with the Superintendency of Companies and until last Friday some of the most important had already made public their financial radiography.

The result: $ 90.4 million less, compared to 2014, in the coffers of four relevant sectors: Holcim (cement), Unacem (Selva Alegre), San Carlos and Valdez.

Beer, bananas, clothing, medicines, poultry, pigs, and supermarkets have not felt a drop in sales compared to 2014, but many have experienced a reduction of their profits. What had been announced before the end of the year is the clear contraction of the construction sector, which in 2016 had not improved. And there is no a veil of mystery for cane sugar: 2016 will be equally complicated (see interview with Miguel Perez).

Source: http://expreso.ec/economia/el-amargo-y-duro-momento-del-azucar-y-el-cemento-JC334694