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| Cemex reports 4Q and full-year 2009 results Mexican cement giant Cemex announced that consolidated net sales decreased 17% in the fourth quarter of 2009, to US$3.4 billion, and decreased 28% for the full year, to US$14.5 billion, versus the comparable periods in 2008. Adjusting for the exclusion of our Venezuelan operations, the sale of its assets in Australia and the Canary Islands, and currency fluctuations, net sales decreased 20% in the fourth quarter and decreased 19% for the full year of 2009. EBITDA fell 37% in the fourth quarter of 2009 to US$474 million and decreased 35% for the full year to US$2.7 billion. On a like-to-like basis, EBITDA decreased 39% in the fourth quarter and decreased 25% for the full year of 2009. write your comments about the article :: © 2010 Construction News :: home page |