Mexico: Cemex has increased its profit in the third quarter of 2017 due to growing sales and low costs. Its net profit rose by 1% year-on-year to US$289m in the third quarter of 2017 from US$286m in the same period in 2016, according to Dow Jones. Sales increased by 2% to U$3.5bn due to higher cement sales volumes in several markets and higher prices in Mexico and the US.
The group’s overall cement sales volumes remained unchanged at 17.5Mt. Sales by volume fell in Mexico due to earthquakes, bad weather and lower government spending on infrastructure. Cement sales volumes in the US rose on a like-for-like basis.