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Article: CEMEX's Net Sales Rise 22% And Free Cash Flow 25% In Fourth Quarter 2000.
- Article from:
- Business Wire
- Article date:
- January 29, 2001
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Business Editors
MONTERREY, Mexico--(BUSINESS WIRE)--Jan. 29, 2001
CEMEX, S.A. de C.V. (NYSE:CX), announced today that its net sales for fourth quarter 2000 were US$1.5 billion, a 22% increase in dollar terms versus fourth quarter 1999. In real peso terms, net sales grew 21% to $14.5 billion pesos.
Net sales increased due to higher revenues in Mexico, Colombia, Central America, and the Caribbean and the acquisitions of Assiut Cement in Egypt and Southdown in the United States. Fourth quarter 2000 results include the consolidation of the Southdown operations for November and December.
CEMEX's consolidated free cash flow for fourth ...