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Cemex releases 4Q11 and FY11 results

World Cement,

Cemex has released its financial results for the fourth quarter and full year 2011. The report revealed that net sales had risen 6% to US$3.7 billion in the fourth quarter, whilst increasing by 8% to US$15.1 billion over 2011. Operating income grew 79% to US$224 million in the fourth quarter compared to the same period in 2010, whilst the full 2011 figure increased by 12% to US$960 million.

Regional results 4Q11:

  • Net sales in Mexico decreased 9% to US$818 million.
  • In the USA, net sales rose by 19% to US$682 million.
  • Net sales in Northern Europe came in at US$1.1 billion, an increase of 16%.
  • There was a decline in net sales in the Mediterranean, with the final figure reported to be US$385.
  • In Asia, net sales remained flat at US$124 million.
  • The Caribbean, South and Central America saw an increase of 22% as sales reached US$447.

“This is the fifth consecutive quarter of top-line growth in our results. We are particularly pleased with the quarterly performance of our operations in Northern Europe; the South, Central America and Caribbean region; and the United States. Regarding our full-year results, we saw net sales and operating EBITDA growing for the first time in four years”, commented Fernando A. González, Executive Vice President of Finance and Administration. 

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