CEMEX Reports Third Quarter Loss of $86M

CEMEX, S.A.B. de C.V. CX, announced today that consolidated net sales decreased 2% in the third quarter of 2010 to approximately US$3.8 billion versus the comparable period in 2009. Operating EBITDA decreased 13% in the third quarter of 2010 to US$649 million versus the same period of 2009. Consolidated cement sales volumes increased 2% versus the same period in 2009, while ready-mix and aggregates sales volumes both decreased 3%. Net income from continuing operations was a loss of US$86 million in the third quarter of 2010 versus a gain of US$78 million in the third quarter of 2009 due to lower operating income and higher financial expenses; the loss was mitigated by a foreign exchange gain.