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More on Cemex's Q3

Published 10/27/2016, 10:47 AM
More on Cemex's Q3
  • Driven by a jump in sales in its home country, where it boosted prices, Cemex (CX -3%) reported a better-than-expected quarterly net profit of $286M, compared with a loss of $44M a year earlier.
  • But sales fell 1.6% to $3.5B, due to the depreciation of currencies in the emerging markets in which the company operates.
  • Free cash flow increase by 25% to $470M. Cemex also lowered its debt by 10% during the quarter to $13.97B and expects to reduce its debt by up to $2.5B this year.
  • Q3 results

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