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| Cemex reports second-quarter 2011 results Mexican cement giant Cemex announced that consolidated net sales increased by 9% during the second quarter of 2011 to approximately U.S.$4.1 billion versus the comparable period in 2010. Operating EBITDA declined by 7% during the second quarter of 2011 to U.S.$615 million versus the same period in 2010. The increase in consolidated net sales was due to higher volumes mainly from the operations in Northern Europe, South/Central America and the Caribbean, and Mexico. The infrastructure and residential sectors were the main drivers of demand in most of the markets. Free cash flow after maintenance capital expenditures for the quarter was U.S.$18 million, compared with U.S.$187 million in the same quarter of 2010. Operating income in the second quarter declined by 12%, to U.S.$258 million, from the comparable period in 2010. During the second quarter of 2011, controlling interest net income was a loss of U.S.$294 million, slightly better than the loss of U.S.$306 million in the same period last year. write your comments about the article :: © 2011 Construction News :: home page |