Grupo Cementos De Chihuahua, S.A.B. De C.V. Announces Consolidated Earnings Results for the Third Quarter and Nine Months of 2017
October 24, 2017 at 05:07 pm EDT
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Grupo Cementos de Chihuahua, S.A.B. de C.V. announced consolidated earnings results for the third quarter and nine months of 2017. For the quarter, the company reported net sales of MXN 4,968 million compared to MXN 4,288 million a year ago. Operating Income before other expenses was MXN 1,049 million against MXN 973 million a year ago. EBITDA was MXN 1,421 million against MXN 1,245 million a year ago. Consolidated Net Income was MXN 548 million against MXN 601 million a year ago.
For the nine months, the company reported net sales of MXN 12,830 million compared to MXN 10,318 million a year ago. Operating Income before other expenses was MXN 2,135 million against MXN 1,841 million a year ago. EBITDA was MXN 3,305 million against MXN 2,642 million a year ago. Consolidated Net Income was MXN 993 million against MXN 1,097 million a year ago.
GCC SAB de CV, formerly known as Grupo Cementos de Chihuahua SAB de CV, is a Mexico-based company primarily engaged in the construction materials sector. The Company foocuses on the production and marketing of cement and other related building materials. The Companyâs product portfolio includes Portland grey cements, ready-mixed concrete, gypsum, additives and limestone aggregates, as well as such prefabricated products as walls, architectural concrete blocks and paving stones, among others. The Company also offers technical support and assistance for the installation of its prefabricated structures. The Company operates in Mexico and the United States, through such subsidiaries as GCC Comercial SA de CV, GCC Concreto SA de CV, GCC Rio Grande Inc, GCC Dacotah Inc, GCC Alliance Concrete Inc, Mid Continent Concrete Inc and Consolidated Ready Mix Inc.
GCC, S.A.B. DE C.V. 
