Mexico: Grupo Cementos de Chihuahua (GCC) saw its consolidated net income surge by 1025% in 2014 to US$43.1m. Its consolidated net sales grew by 14.8% year-on-year to US$755m. Net sales grew by 11.7% to US$185m in the fourth quarter of 2014. Cement sales volumes rose by 10% in the fourth quarter and by 9% in the full year. Earnings before interest, taxes, depreciation and amortisation (EBITDA) in 2014 increased by 35% year-on-year to US$154m. EBITDA in the fourth quarter of 2014 grew by 27.5% year-on-year to US$37.2m.
Grupo Cementos de Chihuahua sees 1025% swell in 2014 net income
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