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| Cemex expects EBITDA of US$1350 million Mexico's Cemex, the world's No. 3 cement maker, announced that it expects EBITDA for the quarter ending September 30, 2007 to be about US$1,350 million, an increase of about 22% versus the same period last year, while operating income is expected to be about US$950 million, 16% higher than the same period a year ago. Guidance for operating income excludes potential adjustments due to the revaluation of Rinker's assets. Cemex expects sales in excess of US$6.0 billion, an increase of around 29% versus the same period a year ago. For the first nine months of the year, Cemex expects EBITDA of about US$3,350 million, while revenue is expected at about US$15.2 billion, a growth of approximately 7% and 13% respectively. These results include the effect of consolidating the Rinker group starting July 1, 2007. write your comments about the article :: © 2007 Construction News :: home page |