ADVFN - Advanced Financial Network.
HOME» NYSE » C » CX Stock Price » CX Stock News

Cemex Share News

 Cemex S.a.b. De C.v. Stock Price
CX Stock Price
 Cemex S.a.b. De C.v. Stock Chart
CX Stock Chart
 Cemex S.a.b. De C.v. Stock News
CX Stock News
 Cemex S.a.b. De C.v. Company Information
CX Company Information
 Cemex S.a.b. De C.v. Stock Trades
CX Stock Trades

Holcim 2Q Net Profit Down 12%, Sees No Broad-Based Recovery

By Martin Gelnar Of DOW JONES NEWSWIRES ZURICH -(Dow Jones)- Cement and building aggregates maker Holcim Ltd (HOLN.VX) Thursday echoed rivals in warning that weak cement demand in Europe is offsetting steady growth in Asia. Reporting lower earnings for the second quarter, the company said there are no signs of a global economic recovery although some important countries such as the U.S. have stabilized and many markets in the Asia Pacific region continue to grow at a fast pace. Holcim again refrained from repeating its long-standing target of 5% like-for-like growth in earnings before interest, taxes, depreciation and amortization, or Ebitda, after dropping that guidance in the first quarter. Net profit fell to 399 million Swiss francs ($382 million) in the three months to June 30, from CHF453 million a year earlier, while sales rose 11% to CH6.16 billion from CHF5.56 billion due to acquisitions. The net profit for the first half of CHF331 million, burdened by a tax-related loss in the first quarter of 2010, was below market expectations of CHF494 million. Cement makers around the world were hit hard by the credit crisis and resulting economic downturn as construction markets contracted and responded by cutting costs and closing plants. There have been some signs of a pickup this year, although companies have reported that Europe is still experiencing a downturn. French rival Lafarge SA (LG.FR) last month posted a 15% decline in second-quarter net profit and reduced its full-year outlook for cement demand due to a slower-than-expected recovery in its European markets. Mexican rival Cemex SAB (CEMEX.MX) said that while it is seeing signs of a turnaround in some markets such as the U.S. and Mexico, it's expecting sharp declines in markets such as Spain. It said it couldn't predict where demand would go, due to continued economic uncertainty. However, Germany's HeidelbergCement AG (HEI.XE) said it expects demand, and its sales and earnings, to pick up this year on growing demand from Asia-Pacific, Africa and North America. Holcim's shares closed at CHF67.70 Wednesday. They have fallen 16% so far this year due to uncertainty over business prospects. -By Martin Gelnar, Dow Jones Newswires, +41 43 443 8042;

Stock News for Cemex (CX)
03/14/201717:00:00Cemex Launches CEMEX Ventures
03/08/201717:00:00CEMEX to Host Its Annual CEMEX Day on March 16, 2017
02/28/201716:15:00CEMEX Announces Early Tender Results for Certain Senior Secured...
02/13/201721:00:00CEMEX Announces Tender Offer for 7.250% Senior Secured Notes...
02/10/201717:00:00Cemex and Eagle Finalize Sale of Fairborn Cement Plant in U.S.
02/10/201706:37:00CEMEX and GCC Announce Pricing of 15.6% Stake in Grupo Cementos...
02/09/201706:15:00Cemex Reports Tenfold Increase in Net Income
02/02/201718:27:00CEMEX Recognized as “Industry Mover” in Corporate Sustainability
01/31/201717:30:00CEMEX and QUIKRETE Finalize Sale of U.S. Reinforced Concrete...
01/30/201720:00:00CEMEX Upgraded by S&P Global Ratings
01/25/201706:30:00CEMEX and GCC Announce Offering to Sell up to 23% Stake in Grupo...
01/24/201718:00:00CEMEX Subsidiary Announces Successful Offer and Take-over Bid...
01/09/201706:35:00CEMEX Announces Change and Variation to Take-Over Bid for Trinidad...
12/15/201617:30:00CEMEX Closes Sale of Ventika Stake
12/06/201606:30:00CEMEX Makes Significant Progress towards Investment Grade
12/05/201606:30:00CEMEX Announces Take-over Bid for Trinidad Cement Limited at...
12/04/201619:32:00CEMEX Reaffirms Its Commitment to Biodiversity Protection in...
12/02/201617:30:00CEMEX to Divest Ready-Mix Concrete Pumping Assets in Mexico
11/30/201619:30:00CEMEX Prepays 2017 Maturity in Credit Agreement, Has No Significant...
11/28/201617:00:00CEMEX and Quikrete Agree on Terms and Conditions for Sale of...

Cemex and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations