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.