|Bid||0.00 x 800000|
|Ask||0.00 x 800000|
|Day's Range||0.65 - 0.65|
|52 Week Range||0.60 - 0.89|
|PE Ratio (TTM)||9.29|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Colombia on Tuesday fined cement companies Cementos Argos, Cemex and Holcim, along with some of its managers, more than 200 billion pesos ($66 million) for fixing prices. The companies, which represent 96 percent of Colombia's cement market, allegedly agreed to set prices between January 2010 and December 2012, during which time cement prices increased 29.9 percent while inflation was only 9.3 percent. "Argos, Cemex and Holcim did not offer an economically reasonable or truthful explanation that would justify the price parallels, nor the way prices are set within these companies," the trade and industry regulator said in a statement.
Mexican cement producer Cemex shrugged off earthquakes and hurricanes in its top markets to post a better-than-expected quarterly profit on Thursday, helped by a lower tax burden and lower financial costs. Cemex's third-quarter profit rose to $289.2 million from $285.6 million in the same period a year earlier, it said, prompting shares to rise nearly 2 percent. Cemex, which has been divesting assets to help cut debt and regain its investment grade rating, said it generated some of its third-quarter profit from its $168 million sale of shares in Mexican cement maker Grupo Cementos de Chihuahua in September.
Mexican cement producer Cemex said on Thursday that reconstruction efforts from two major earthquakes that hit Mexico last month will likely require 500,000 tonnes of cement over the next 12 to 18 months. ...
Analysts at Bank of America parted ways with their bullish stance on Cemex SAB de CV (ADR) (NYSE: CX ), a Mexico-based company that mostly works in the production, distribution, marketing and sale of cement ...
Mexican cement producer Cemex on Wednesday reported a 41 percent increase in second-quarter profit, helped by lower financial expenses, but its shares fell on concerns about weak cash flow and slacker-than-expected sales in Mexico. Cemex shares fell on the Mexican stock exchange more than 3 percent to 17.37 pesos, and two analysts noted that weak cash flow had disappointed investors. Free cash flow in the second quarter decreased year on year by 23 percent to $324 million.
Mexican cement producer Cemex posted on Wednesday a 41 percent jump in second-quarter profit, beating expectations, helped by lower financial expenses. Cemex, which has operations in over 50 countries, said it earned $289 million in quarterly net profit, compared with $205 million a year earlier. "The increase (in sales) on a like to like basis was due to higher prices of our products, in local currency terms in Mexico and the U.S., as well as higher volumes in our Europe region," said Cemex.
Mexico's Cemex, one of the world's largest cement producers, has signed $4.05 billion in new credit lines with 20 different institutions, the company said on Wednesday. Part of the funds will be used to refinance $3.678 billion in previous credit lines while the remaining amount will be used for corporate purposes that may included paying debt, the company said in a statement filed with the Mexican stock exchange.
The Zacks Analyst Blog Highlights: CEMEX, Telefonica Brasil, Shinhan Financial Group, Huaneng Power International and Coca-Cola FEMSA
Mexican cement maker Cemex is expanding in Southern California to meet increased demand with a distribution terminal in Los Angeles served by rail and a new aggregate loading system for a quarry in Victorville, the company said on Thursday. Cemex, based in Monterrey, Mexico, said in a statement that it plans to complete the 14-acre terminal - which will lie near several of the Los Angeles area's main freeways - in late 2017. Cemex, one of the world's biggest cement makers, has a major presence in the United States and said this year it was open to providing quotes to supply raw materials for U.S. President Donald Trump's planned U.S.-Mexico border wall.