CEMEX S.A.B. DE C.V.
Third quarter: fourth consecutive quarter with a positive net income
Cemex announced that consolidated net sales reached US$ 3.6 billion during the third quarter of 2016, an increase of 4 % on a like-to-like basis for the ongoing operations and adjusting for currency fluctuations, versus the comparable period in 2015. Operating EBITDA increased 22 % on a like-to-like basis during the quarter, to US$ 780 million.
Net income for the quarter reached US$ 286 million, an improvement of US$ 330 million over the same period last year. This was the fourth consecutive quarter with a positive net income and the highest net income in a quarter since 2008.
