Cemex Latam profits soar by 111.5% in Q1 2014

Cemex Latam, the Latin American subsidiary of Mexican cement group Cemex, registered net profits of US$55 million (€39.82 million) in the first quarter of 2014, which is 111.5% more than the same period a year ago. Cemex Latam is headquartered in Colombia, with operations in Panama, Costa Rica, Nicaragua, El Salvador, Guatemala and Brazil.

Quarry Products / May 2, 2014

643 Cemex Latam, the Latin American subsidiary of Mexican cement group Cemex, registered net profits of US$55 million (€39.82 million) in the first quarter of 2014, which is 111.5% more than the same period a year ago.

Cemex Latam is headquartered in Colombia, with operations in Panama, Costa Rica, Nicaragua, El Salvador, Guatemala and Brazil.

Overall Cemex Latam sales reached $423 million during January-March 2014, representing a year-on-year rise of 10%, mostly because of higher volume sales in the majority of these markets.

Cemex Latam’s EBITDA reached $75 million in the first three months of 2014 or 86% up on the same period a year earlier.

During 2014, the company AIMS to participate in the construction of about 12,000 homes, mostly in Colombia.

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