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Cemex SAB de CV (CMXCPO.MX)

CMXCPO.MX on Mexico Stock Exchange

13.50MXN
7:08pm BST
Change (% chg)

$0.12 (+0.90%)
Prev Close
$13.38
Open
$13.33
Day's High
$13.60
Day's Low
$13.33
Volume
10,359,524
Avg. Vol
28,322,013
52-wk High
$16.77
52-wk Low
$11.28

Latest Key Developments (Source: Significant Developments)

Cemex Posts 32 Pct Increase In Q2 Net Income
Thursday, 26 Jul 2018 

July 26 (Reuters) - Cemex SAB de CV ::CEMEX ANNOUNCES AN INCREASE IN NET INCOME OF 32% DURING THE SECOND QUARTER AND A COMPREHENSIVE PLAN TO ENHANCE TOTAL SHAREHOLDER RETURN.CONTROLLING INTEREST NET INCOME DURING THE QUARTER WAS US$382 MILLION FROM AN INCOME OF US$288 MILLION IN THE SAME PERIOD OF 2017..OPERATING EARNINGS BEFORE OTHER EXPENSES, NET, IN THE SECOND QUARTER INCREASED BY 8%, TO US$504 MILLION ON A LIKE-TO-LIKE BASIS..ON A LIKE-TO-LIKE BASIS FOR ONGOING OPERATIONS AND ADJUSTING FOR CURRENCY FLUCTUATIONS, CONSOLIDATED NET SALES INCREASED BY 7% TO US$3.8 BILLION.QTRLY TOTAL DEBT PLUS PERPETUAL NOTES DECREASED BY US$462 MILLION DURING THE QUARTER.QTRLY OPERATING EBITDA ON A LIKE-TO-LIKE BASIS INCREASED BY 4% DURING QUARTER COMPARED TO SAME PERIOD IN 2017, TO US$714 MILLION.DURING NEXT 2.5 YEARS, TO WORK TO OPTIMIZE PORTFOLIO AND SELLING BETWEEN US$1.5 AND 2 BILLION OF ASSETS.ANNOUNCING PLAN DESIGNED TO REPOSITION OUR PORTFOLIO TOWARD HIGHER GROWTH.TO ALSO IMPLEMENT ACTIONS TO ACHIEVE US$150 MILLION IN COST SAVINGS AS AN OPPORTUNITY TO CONTINUE IMPROVING PROFITABILITY.TO RETURN CAPITAL TO SHAREHOLDERS THROUGH AN ANNUAL CASH DIVIDEND STARTING WITH US$150 MILLION IN 2019.  Full Article

Cemex, GCC announce pricing of stake in Grupo Cementos De Chihuahua
Friday, 10 Feb 2017 

Cemex Sab De Cv : Cemex and GCC announce pricing of 15.6% stake in grupo cementos de chihuahua . Cemex Sab De Cv says priced secondary offerings of 51.8 million shares of GCC, currently owned by CEMEX, at price of mexican pesos 95 per share .Says announced they priced their secondary offerings of 51.8 million shares of common stock of gcc.  Full Article

Cemex says US securities commission investigates new cement plant in Colombia
Monday, 12 Dec 2016 

Cemex SAB de CV : Said on Friday received a subpoena from United States Securities and Exchange Commission (SEC) seeking information to determine whether there have been any violations of the US Foreign Corrupt Practices Act (FCPA) . Says subpoena is related to irregularities reported by CEMEX regarding new cement plant being built by CEMEX Colombia [nL2N1C000Z] . Says at this point is unable to predict the duration, scope, or outcome of the SEC investigation or any other investigation that may arise .Says does not expect this matter to have a material adverse impact on its consolidated results of operations, liquidity or financial position.  Full Article

Cemex announces expiration and final settlement of its tender offer for 7.25 pct senior secured notes due 2021
Friday, 28 Oct 2016 

Cemex Sab De CV :Cemex announces expiration and final settlement of its tender offer for 7.250% senior secured notes due 2021.  Full Article

Cemex announces tender offer for 7.250% senior secured notes due 2021
Friday, 30 Sep 2016 

Cemex Sab De Cv : Cemex announces tender offer for 7.250% senior secured notes due 2021 .Says to purchase up to u.s.$500 million of outstanding 7.250% senior secured notes due 2021.  Full Article

EMERGING MARKETS-Mexico stocks hit 6-wk low, while peso rebounds

(Recasts with stock losses) SAO PAULO, Aug 16 Mexicans stocks fell to a six-week low, hit by losses in cement company Cemex, and Brazilian equities dipped on Thursday, while the pesos of Mexico and Colombia bounced back from steep losses sparked by jitters due to the slump in Turkey's lira. Mexico's benchmark S&P/BMV IPC fell over 1 percent to close at its lowest since early July, dragged down by 4.3 percent loss in Cemex after HSBC downgraded the stock. Brazil's benchm