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.
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.
