Loma Negra´s shares rose 5.9% to close at $3.74

Investors in Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) had a good week, as its shares rose 5.9% to close at $3.74 following the release of its first-quarter results. Results were roughly in line with estimates, with revenues of 7.8b pesos ($115.2 mn), and statutory earnings per share of 30.81 pesos. Revenue growth is expected to slow, with forecast 18% increase next year well below the historical 27% p.a. growth over the last three years.

Source: Cityfalcon