An investigation on behalf of investors of Loma Negra Compaa Industrial Argentina Sociedad Annima (NYSE: LOMA) shares over potential securities laws violations by Loma Negra C.I.A.S.A. and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Loma Negra Compaa Industrial Argentina Sociedad Annima (NYSE: LOMA) concerning whether a series of statements by Loma Negra C.I.A.S.A. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Argentina based Loma Negra Compaa Industrial Argentina Sociedad Annima, together with its subsidiaries, manufactures and markets cement and its by-products in Argentina and Paraguay. Loma Negra C.I.A.S.A. reported that its annual Total Revenue rose from over 9.87 billion ARS in 2016 to as high as 15.28 billion ARS in 2017 and that its Net Income increased from 491.17 million ARS to over 1.59 billion ARS in 2017.

Shares of Loma Negra C.I.A.S.A. (NYSE:LOMA0 declined from as high as $25.28 per share in Janaury 2018 to as low as $12.08 per share on May 20, 2018,