GCC sales rise 13.3 per cent, Mexico

GCC sales rise 13.3 per cent, Mexico
31 October 2012

Mexico-based cement producer Grupo Cementos de Chihuahua (GCC) has posted MXP2.58bn (US$197m) in sales for 3Q2012, up 13.3 per cent YoY.

The company posted  EBITDA of MXP501m, up 0.5 per cent compared with the prior-year-period.
Net consolidated income for the third quarter was MXP152m, up 266 per cent over the MXP43.8m loss registered in the same period of 2011.

Increased sales were driven by a growth in sales volumes in the US, "higher aggregates and concrete block sales in Mexico and the effect of the peso depreciation against the US dollar," according to the report.

In Mexico sales totalled MXP665m, down against the same period in 2011 due to a "reduction of consumption in the public infrastructure sector and the mining industry," the report stated.

Published under Cement News