Grupo Cementos de Chihuahua SAB de CV Reports Consolidated Earnings Results for the Third Quarter and Nine Months of 2016
October 10, 2016
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Grupo Cementos de Chihuahua SAB de CV reported consolidated earnings results for the third quarter and nine months of 2016. For the quarter, the company reported net sales of MXN 4,287,687,000 compared to MXN 3,891,812,000 a year ago. Operating income was MXN 972,875,000 compared to MXN 689,403,000 a year ago. Operating income after other expenses, net was MXN 950,292,000 compared to MXN 686,803,000 a year ago. Income before taxes was MXN 809,392,000 compared to MXN 541,741,000 a year ago. Consolidated net income was MXN 601,006,000 compared to MXN 413,630,000 a year ago. EBITDA was MXN 1,244,542,000 compared to MXN 941,012,000 a year ago. Free cash flow was MXN 1,319,470,000 compared to MXN 979,268,000 a year ago.
For the nine months, the company reported net sales of MXN 10,318,393,000 compared to MXN 9,037,139,000 a year ago. Operating income was MXN 1,840,978,000 compared to MXN 1,244,067,000 a year ago. Operating income after other expenses, net was MXN 1,783,854,000 compared to MXN 1,238,323,000 a year ago. Income before taxes was MXN 1,383,559,000 compared to MXN 821,155,000 a year ago. Consolidated net income was MXN 1,097,115,000 compared to MXN 707,688,000 a year ago. EBITDA was MXN 2,641,793,000 compared to MXN 1,957,694,000 a year ago. Free cash flow was MXN 1,198,774,000 compared to MXN 309,197,000 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. 
