Cemex - October 2014

For the first nine months of the year, Cemex' turnover edged ahead by 0.7 per cent to US$11,352.7m, but EBITDA eased by 0.3 per cent to US$2001.2m. The trading profit improved by 12.3 per cent to US$926.3m while the net interest charge increased by 8.3 per cent to US$1139.4m. The pretax loss was reduced by 27 per cent to US$174.3m, but a 53 per cent increase in the tax charge led to a 39.7 per cent rise in the net attributable loss to US$586.7m. The net debt at the end of September was 3.7 per cent lower than a year earlier at US$16,235m, giving a gearing level of 151 per cent, compared with 146.8 per cent a year earlier. However, only three per cent of the gross debt is short term. The number of employees as the end of September was five per cent lower at 42,853.

To continue reading this story and have 100% free access to the CemNet.com website, please Register for a subscription to International Cement Review or Login