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Cemex profit falls 21%, net sales up 9%

Mexico's Cemex SA, the world's No. 3 cement maker, announced that consolidated net sales increased 9 percent in the first quarter of 2007 to US$4.3 billion versus the year ago period. EBITDA grew 6 percent in the first quarter of 2007 to US$868 million versus the same period of 2006. Operating income in the first quarter remained flat compared to the same period in 2006. In the first quarter of 2007, Cemex's net income decreased 21 percent to US$400 million from US$505 million in the first quarter of 2006.



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