Cemex Latin American Holdings sees improved cement volumes in Colombia

Cemex Latin American Holdings sees improved cement volumes in Colombia
Published: 28 July 2016


Cemex Latin American Holdings' first-half turnover fell by 10.1 per cent to US$672.1m, while EBITDA came off by 4.4 per cent to US$226.1m. At the trading level there was a 4.3 per cent reduction to US$183.5m. After a net interest charge 27.6 per cent lower at US$29.4m, the pretax profit emerged 16.5 per cent higher at US$165.4m. The net attributable profit rose by 22 per cent to US$100.6m. Net debt at the end of June was 8.6 per cent lower than a year earlier at US$984m, giving a gearing level of 67.3 per cent compared with 75.6 per cent a year earlier. Cement shipments in the period were 4.3 per cent higher at 3.78m, while aggregates deliveries declined by 15.8 per cent to 3.68Mt and the ready-mixed concrete volume was 11.0 per cent lower at 1.56Mm³.

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