Grupo Cementos De Chihuahua, S.A.B. De C.V. Reports Earnings Results for the Third Quarter Ended September 30, 2020
October 27, 2020 at 02:38 pm EDT
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Grupo Cementos de Chihuahua, S.A.B. De C.V. Announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was USD 281.125 million compared to USD 301.653 million a year ago. Operating income was USD 69.188 million compared to USD 69.502 million a year ago. Net income was USD 52.557 million compared to USD 48.765 million a year ago. Basic earnings per share from continuing operations was USD 0.16 compared to USD 0.14 a year ago. For the nine months, sales was USD 705.286 million compared to USD 705.545 million a year ago. Operating income was USD 143.112 million compared to USD 122.483 million a year ago. Net income was USD 102.181 million compared to USD 77.763 million a year ago. Basic earnings per share from continuing operations was USD 0.31 compared to USD 0.23 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. 
