CEMEX Posts Narrower Loss In Q4; LFL Sales Up 4% - Quick Facts

(RTTNews) - CEMEX (CX) reported that, during the fourth quarter of 2018, controlling interest net loss was $37 million, versus a loss of $105 million in the same period last year. Operating EBITDA, on a like-to-like basis, remained flat during the fourth quarter of 2018 at $604 million from prior year.

CEMEX reported that, on a like-to-like basis for the ongoing operations and adjusting for currency fluctuations, consolidated net sales increased by 4% during the fourth quarter of 2018 to $3.5 billion, from prior year. The company said the increase in quarterly consolidated net sales on a like-to-like basis was due to higher prices of products, in local currency terms in all of the regions, as well as higher volumes mainly in the ready-mix and aggregates businesses in Mexico and the U.S.