Cemex expects higher profit for 2006

Cemex expects higher profit for 2006
Published: 21 March 2006

Cemex, the world’s third-largest cement maker, expects to obtain profit of some US$800m in 2006, up 26 per cent year-on-year, the Mexican press reported on March 20, 2006.  The operating profit is expected at some US$550m up 25 per cent. The net sales are seen to jump 51 per cent to US$3.9bn. Cemex’ CFO Rodrigo Trevino announced that the company expects its free cash flow to top US$2.5bnin 2006.  The company expects the volume of cement and concrete sales to the USA and in Mexico to increase 7.0 per cent year-on-year.