Grupo Cementos De Chihuahua, S.A.B. De C.V. Reports Earnings Results for the Fourth Quarter Ended December 31, 2018
February 12, 2019
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Grupo Cementos de Chihuahua, S.A.B. De C.V. Announced earnings results for the fourth quarter ended December 31, 2018. For the fourth quarter, the company announced total revenue was USD 205.860 million compared to USD 214.220 million a year ago. Operating income was USD 28.344 million compared to USD 33.709 million a year ago. Net income was USD 21.310 million compared to USD 28.942 million a year ago. For the full year, total revenue was USD 883.230 million compared to USD 824.104 million a year ago. Operating income was USD 161.197 million compared to USD 144.558 million a year ago. Net income was USD 63.484 million compared to USD 83.569 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.