Cemex releases results for Africa, Middle East and Asia

Figures for 2Q2017

Operations in Africa, Middle East and Asia reported a 5 percent decrease on a like-to-like basis in net sales for the second quarter of 2017, to USD 327 million, versus the second quarter of 2016, and operating EBITDA for the quarter was USD 49 million, down 38 percent on a like-to-like basis from the same period last year.

Globally, net sales reached USD 3.6 billion during the second quarter of 2017, an increase of 2 percent on a like-to-like basis for the ongoing operations and adjusting for currency fluctuations, versus the comparable period in 2016. Operating EBITDA decreased by 8 percent during the quarter to USD 696 million versus the same period in 2016. Operating EBITDA adjusted for working days, reflecting the effect of Holy Week and Ramadan, declined 5 percent during the quarter on a year-over-year basis.