Mexico’s Cemex posts 41 pct increase in second-quarter profit

07/26/2017 Reuters

CEMEX_altaMEXICO CITY, July 26 (Reuters) – Mexican cement producer Cemex posted on Wednesday a 41 percent jump in second-quarter profit, beating expectations, helped by lower financial expenses.

Cemex, which has operations in over 50 countries, said it earned $289 million in quarterly net profit, compared with $205 million a year earlier. A Reuters poll forecast earnings of $222 million.

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