Mexico: Cement producer Grupo Cementos de Chihuahua has reported sales of US$197m for the third quarter of 2012, a rise of 13.3% year-on-year. Increased sales were driven by a growth in sales volumes in the US, higher aggregates and concrete block sales in Mexico and the effect of the Peso depreciation against the US dollar, according to the company's results report.
In Mexico sales were US$51m, a decrease year-on-year due to a reduction of consumption in the public infrastructure sector and the mining industry. Earnings before interest, taxation, depreciation and amortisation (EBITDA) were US$38.4m, an increase of 0.5% year-on-year. Net consolidated income for the third quarter of 2012 was US$11.7m, compared with a loss of US$3.36m in the same period in 2011.
