Cementos Lima, the largest cement producer in Peru, has posted earnings of USD16m for the fourth quarter of 2011, ending on 31 December 2011. This represents a drop of 9 per cent compared to USD18m for the same period in 2010.

For the full year Cementos Lima said it had earnings of USD79m in 2011 compared with USD75m in 2010. Total fourth quarter revenue remained static with USD104m in 2011 compared to USD104m in 2010.

The company said that cement production in the fourth quarter of 2011 was 0.84Mt down by 2.6 per cent compared to the same quarter in 2010. The company said that the decline was due to lower demand in domestic and international markets.