Mexico: Cemex has recorded a consolidated net income of US$47.2m in the first quarter of 2020, down by 13% year-on-year from US$54.1m in the same quarter of 2019. Net sales rose by 6% to US$260m from US$245m. Cemex said, “The world is going through an unprecedented time due to the COVID-19 pandemic. Construction activity across most of our markets is being impacted to varying degrees.”
In 2019 Cemex’s net income was US$179m, down by 69% year-on-year from US$570 in 2018. Net sales were US$13.1bn, down 3.0% from US$13.5bn in 2018.