Cemex expected to narrow fourth-quarter loss

Cemex expected to narrow fourth-quarter loss
Published: 06 February 2013

Tagged Under: Cemex Mexico USA 

Cemex is expected to narrow its net loss in the fourth-quarter of 2012 from a year earlier, helped by improved performance in its main US market and cost reduction.

A Reuters poll showed six analysts on average forecast that Cemex lost US$47m in the October-December period, compared with a net loss of US$146m in the same period of 2011. Analysts' forecasts ranged from earnings of US$77m to a loss of US$134m.