Product Design & Development

Mexico's Cemex lowers 2009 outlook

By The Associated Press
Wednesday, October 28, 2009
 Share
[-] Text [+]  
Loading...

Mexico's Cemex lowers 2009 outlook

MEXICO CITY (AP) — Mexican cement giant Cemex is reducing its 2009 operating cash flow outlook but says it will have enough money to cover its debt through mid-2011.

Hector Medina is the company's executive vice president. He says Cemex estimates its earnings before interest, taxes, depreciation and amortization to be $2.9 billion this year. That's down from an earlier outlook of $3.1 billion.

Cemex SAB de CV says its net income plunged almost 40 percent in the third quarter on a 27 percent drop in sales.

The Monterrey-based company says profits fell to $121 million in July through September, compared to earnings of $200 million in the same 2008 period. Sales declined to $4.2 billion from $5.8 billion.

ADVERTISEMENT

Medina spoke to analysts on Wednesday.

JOIN THE DISCUSSION
Rate Article:  Average 0 out of 5
register or log in to comment on this article!

0 Comments

Add Comment

Text Only 2000 character limit

Page 1 of 1

At Issue

10 Years Ago, A Paradigm Shift Began
Dr. Ron L. Hollis, P.E., Quickparts.com
Foreign Corporations Find Trouble In N. American Markets
Jeff Klingberg, Fluid Power Technologies
Emergency Stopping
Professor MC, Motion Control Guru, PD&D

Quick Links

Site Sponsors


Most Viewed

Videos & Webcasts

XStreamHD: An HD Revolution 2/8/2010
XStreamHD gives in-home access of full HD entertainment.   Continue
Living With Robots 2/4/2010
Take a peek into Honda’s creation, ASIMO; a reflection of human’s technological evolutions.   Continue
Pick-And-Place Motion Control 2/4/2010
TECHNOSOFT Servo Drives offer extended flexibility and versatility resulting in easy-to-use solutions.   Continue