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| Cemex reports first quarter 2010 results Mexican cement maker Cemex announced that consolidated net sales decreased 10% in the first quarter of 2010 to approximately U.S.$3.0 billion versus the comparable period in 2009. EBITDA decreased 23% in the first quarter of 2010 to U.S.$515 million versus the same period of 2009. Consolidated cement sales volumes decreased 6% versus the same period in 2009, while ready-mix and aggregates sales volumes decreased 16% and 13%, respectively. Net income from continuing operations was a loss of U.S.$341 million in the first quarter of 2010 versus a loss of U.S.$61 million in the first quarter of 2009 due to lower operating income, higher financial expenses, higher other expenses, and a tax expense versus an income last year related to a deferred tax benefit recognized during the first quarter of 2009, partly mitigated by foreign exchange gains and lower losses on financial instruments. write your comments about the article :: © 2010 Construction News :: home page |