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Cementos Argos Reports Second Quarter 2021 Financial Results Leverage Target Achieved with the Highest 1H EBITDA Margin in 8 Years August 9th , 2021 Cementos Argos S.A. ( Argos ) is a geographically diverse rapidly growing cement and ready - mix concrete ( RMC ) company with presence in 16 countries and leading market positions in the US , Colombia , Caribbean & Central America ( CCA ) and total annual capacity of approximately 23 million tons of cement and 14.4 million m3 of concrete . BVC : CEMARGOS , PFCEMARGOS ADR LEVEL 1 : CMTOY / ADR 144A : CMTRY - Reg - S : CMTSY Key Highlights • • • Net Debt to EBITDA plus dividends as of June 30th stood at 3.1 times , reaching the corporate target for leverage of 3.2 times that the company had for 2021 . Adjusted EBITDA margin for the first semester of 2021 was 20.2 % , the highest in 8 years , amidst a continuation of strong recovery across all markets and despite 40 days of blockages in Colombia and several weeks of political and social instability in Haiti . The divestment from the Dallas assets was successfully carried out during the second quarter obtaining a total amount of USD 183.8 Million , comprising USD 180 Million initially negotiated plus USD 3.8 Million from working capital adjustment . During the quarter , the company disbursed an ESG loan with Bancolombia for an amount of COP 135 billion , with reduced interest rate tied to the indicators of CO2 emissions , water consumption in the cement business and suppliers evaluation in sustainability over the last three years . " Adjusted EBITDA Margin for the first semester of 2021 , excluding the gain - in - sale from the ready - mix assets sold , reached a record of 20.2 % , the highest since 2013. This important milestone is not something fortuitous , on the contrary , it is the result of the consistent execution of BEST and RESET , our customer centricity , quest for innovation and the constant pursue of excellence and competitiveness in our operations . In that sense , we expect this level of margins to remain and improve in the mid - term for our company ” . Juan Esteban Calle , CEO