Grupo Cementos De Chihuahua, S.A.B. De C.V. Announces Consolidated Earnings Results for the Fourth Quarter and Full Year of 2017
February 13, 2018 at 05:05 pm EST
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Grupo Cementos de Chihuahua, S.A.B. de C.V. announced consolidated earnings results for the fourth quarter and full year of 2017. For the quarter, the company reported net sales of MXN 238.1 million compared to MXN 186.0 million a year ago. Operating income before other expenses was MXN 50.8 million against MXN 26.8 million a year ago. EBITDA was MXN 71.3 million against MXN 45.0 million a year ago. Consolidated net income was MXN 28.5 million against MXN 9.8 million a year ago.
For the full year, the company reported net sales of MXN 925.3 million compared to MXN 748.5 million a year ago. Operating income before other expenses was MXN 167.3 million against MXN 126.6 million a year ago. EBITDA was MXN 249.5 million against MXN 188.6 million a year ago. Consolidated net income was MXN 83.3 million against MXN 69.1 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. 
