Grupo Cementos de Chihuahua, S.A.B. de C.V. Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2020
July 27, 2020
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Grupo Cementos de Chihuahua, S.A.B. de C.V. announced earnings results for the second quarter and six months ended June 30, 2020. For the quarter, the company announced Net Sales were MXN 242,761,000 compared to MXN 240,468,000 for the same period a year ago. Operating income was MXN 53,500,000 compared to MXN 41,793,000 for the same period a year ago. Consolidated net income was MXN 33,160,000 compared to MXN 25,098,000 for the same period a year ago.
For the six months, the company announced Net Sales were MXN 424,161,000 compared to MXN 403,892,000 for the same period a year ago. Operating income was MXN 73,924,000 compared to MXN 52,981,000 for the same period a year ago. Consolidated net income was MXN 49,625,000 compared to MXN 29,002,000 for the same period 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. 
