The Mexican cement giant (CX) said income per American Depositary Share reached 52 cents, compared with 35 cents in the prior year’s period.
Quarterly revenue rose to $4.47bn from $3.96bn in the prior year.
The company said sales increased in most of its markets due to higher cement, ready-mix, and aggregates volumes, as well as improved supply-demand dynamics. Public infrastructure and housing continue to be the main drivers of cement and ready-mix demand in most of the company’s markets, according to Cemex.
Cemex added that fourth-quarter sales rose 11% to $911.2m in Mexico, while falling 11% to $923.3m in the United States. In Europe, excluding Spain and the United Kingdom, quarterly sales rose 34% to $1bn.
