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Article: CEMEX Reports Third Quarter 2009 Results.(Financial report)
- Article from:
- Investment Weekly News
- Article date:
- November 14, 2009
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CEMEX, S.A.B. de C.V. (NYSE: CX), announced that consolidated net sales in the three months that ended on September 30, 2009, decreased to US$4.2 billion versus US$5.8 billion in the comparable period in 2008, representing a decrease of 27%, or a decrease of 19% when adjusting for the exclusion of our Venezuelan operations, the sale of our assets in the Canary Islands, and currency fluctuations. On a sequential basis, consolidated net sales for the third quarter of 2009 increased close to 1% compared with the second quarter of 2009. EBITDA decreased 38% in the third quarter of 2009 to US$806 million from US$1.3 billion in the same period of 2008, or 30% when adjusting for ...