Grupo Cementos de Chihuahua SAB de CV Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2016
July 25, 2016
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Grupo Cementos de Chihuahua SAB de CV announced earnings results for the second quarter and six months ended June 30, 2016. For the quarter, net sales were MXN 3,669,206,000 against MXN 3,050,964,000 a year ago. Operating income was MXN 691,265,000 against MXN 440,993,000 a year ago. Income before taxes was MXN 577,244,000 against MXN 300,283,000 a year ago. Consolidated net income was MXN 437,276,000 against MXN 254,001,000 a year ago. EBITDA was MXN 957,783,000 against MXN 676,858,000 a year ago. Free cash flow was MXN 342,169,000 against negative free cash flow of MXN 187,381,000 a year ago.
For the six months, net sales were MXN 6,030,706,000 against MXN 5,145,327,000 a year ago. Operating income was MXN 868,103,000 against MXN 554,664,000 a year ago. Income before taxes was MXN 574,167,000 against MXN 279,414,000 a year ago. Consolidated net income was MXN 496,109,000 against MXN 294,058,000 a year ago. EBITDA was MXN 1,397,251,000 against MXN 1,016,682,000 a year ago. Negative free cash flow was MXN 120,696,000 against MXN 669,741,000 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. 
