Soboce profits fell 48.8 per cent YoY from US$31.46m to USS16.12m in the period April 2014-March 2015. The result due to a rise in costs, heavy rains and the payment of a US$7.41m fine for alleged anti-competitive practices. Sales volumes and prices have remained stable, according to the company.

"The projection of revenues for the current administration depends on the growth in domestic demand for cement. We expect that economic indicators have performed well accompanied with a good climate behaviour in this second half of the year, " said the company in a statement.