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| Cemex provides guidance for the first quarter of 2008 Mexico's Cemex, the world's No. 3 cement maker, expects EBITDA for the quarter ending March 31, 2008 of around US$920 million, an increase of about 6% versus the same period last year, while operating income is expected to be close to US$420 million, 25% lower than the same period a year ago. Sales for the first quarter are expected to be in excess of US$5.3 billion, an increase of about 24% versus the same period last year. Adjusting for the fewer business days versus the same period last year as a result of the earlier occurrence of religious holidays, which last year took place during the second quarter, sales and EBITDA would be expected to increase by about 27% and 10%, respectively, versus first quarter 2007. On a pro-forma basis for the continuing operations, adjusting for the consolidation of Rinker, sales and EBITDA for the quarter are expected to decrease 1% and 22%, respectively, in U.S. dollar terms, versus the same quarter last year. write your comments about the article :: © 2008 Construction News :: home page |