[ad_1]
Cemex, one of the largest cement companies in the world, ruled Thursday the cancellation of the construction of a new airport in the Mexican capital, it has a significant impact on the country's total cement demand, one of its major markets.
The new Mexican government has launched a four-day public consultation to decide on the future of the millionaire project, which, according to company executives, would only represent one 1% of the total cement volume from the country of Latin America.
"The cancellation may not be beneficial or positive for the evolution of cement demand, but we do not consider that a 1% is critical," said Fernando Gonzalez, CEO of Cemex , during a telephone conversation with analysts following the release of quarterly results.
The cement company, whose shares jumped nearly 7% on the local stock market, raised to 9.0% its forecast of aggregate sales volumes in Mexico for this year, starting from April. a previous estimate of 6.0 and 8.0%.
Previously, the cement plant announced it had raised its forecast of volumes of concrete sales in the United States 8.0%in a previous range between 4.0 and 6.0%.
In its quarterly report, the company Cemex said that its profits fell in this thirdRyemestre year-round 40% year-on-year, with a net profit of $ 174 million between July and September, result less than expected.
Its operating cash flow (EBITDA), an important indicator of the company's profitability, remained virtually stable in $ 704 million compared with the same period of the previous year, although, in comparable terms, an increase 2 percent.
[ad_2]
Source link
