Chile’s Cemento Polpaico informed the country’s Financial Markets Commission (CMF) it registered losses of CLP1.042bn (US$1.74m) in 2017.

The new income figure is a sharp reversal of the profit of CLP3.793bn reported in 2016.

Sales reached CLP135.316bn in 2017, down 3.5 per cent YoY, when compared with sales of CLP140.187bn in 2016.