Mexico: Cemex's net loss narrows in the fourth quarter of 2014

摘要

Cemex has reported a net loss of US$178m for the October-December 2014 period, compared with a loss of US$255m in the fourth quarter of 2013. Lower financial costs and higher operating profits helped to narrow the loss. Sales fell by 1% in the quarter to US$3.8bn as weaker currencies against the US Dollar offset greater sales volumes in most markets. Adjusting for exchange rates, sales were up by 5% from the fourth quarter of 2013. Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose by 9% to US$701 m in the quarter, bringing the total for the full year to US$2.7bn. Adjusting for currencies, EBIDTA was up by 16% in the quarter.