CEMEX Q4 Like-to-like Operating EBITDA Rises 7% - Quick Facts

(RTTNews) - CEMEX, S.A.B. de C.V. (CX) reported that its fourth-quarter operating EBITDA on a like-to-like basis increased by 7% to $663 million. On a like-to-like basis, operating earnings before other expenses, net, increased by 11% to $410 million. During the fourth quarter of 2015, controlling interest net income was $144 million, an improvement over a loss of $178 million in the same period last year.

On a like-to-like basis for the ongoing operations and adjusting for currency fluctuations, consolidated net sales increased by 2% during the fourth quarter of 2015 to $3.4 billion. The company said the increase in consolidated net sales, on a like-to-like basis, was due to higher prices of its products, in local currency terms, in most of its operations, as well as higher volumes in the U.S., and Mediterranean and Asia regions.