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| Cemex sales increase 98% after acquisition of RMC Monterrey, Mexico, January 27, 2006 - Cemex, S.A. de C.V. announced that consolidated net sales for the fourth quarter of 2005 grew 98% to US$3.96 billion compared to the same quarter of 2004, mainly as a result of the acquisition of RMC. Majority net income for the year ended December 31, 2005 increased 62% compared to 2004. Sales increased in the majority of CEMEX's markets due to higher cement, ready-mix and aggregates volumes. Robust activity in infrastructure and residential sectors continue to be the primary drivers of cement and ready-mix sales in most markets. Operating income in the fourth quarter increased 22% to US$507 million, over the comparable period in 2004 and increased 34% for the full-year 2005 versus 2004 reaching US$2.5 billion. Free cash flow for the quarter was US$325 million, up 63% from US$200 million in the same quarter of 2004. For the full-year 2005, free cash flow increased 36% to $2.0 billion, from $1.5 billion in 2004. EBITDA (operating income plus depreciation and amortization) increased 55% during the fourth quarter of 2005 compared to the same quarter in 2004, reaching US$901 million, and grew 40% to US$3.6 billion for the full-year 2005, primarily due to the acquisition of RMC. write your comments about the article :: © 2006 Construction News :: home page |