Cemex Reports Solid 1Q Sales, Ebitda Growth
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Cemex reported a solid first quarter with sales rising 11% to $4.02 billion and EBITDA increasing 34% to $794 million. However, net profit fell 69% to $228 million due to a previous year's asset sale. Cement sales volume grew by 1%, while aggregates remained flat and ready-mix concrete volume decreased by 3%. The EBITDA margin improved to 19.8%, attributed to enhanced operational efficiency and a leaner cost structure.
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