the mexican consortium cemexa major world cement producersrecorded a net profit of 858 million dollars in 202214% more than the 753 million dollars of 2021, as reported by the company on Monday.
In its financial report, the company indicated that net sales in 2022 reached 15.577 million dollars, 8% more than the 14.379 million dollars of the previous year.
2022 was a uniquely challenging year as inflation reached 40-year highs, but I am pleased with how we responded and look forward to continuing to see the benefits of our strategy in 2023.”
Fernando González Olivieri, CEO of Cemex, said in a statement.
In addition, the company highlighted that the profit or gross profit in these 12 months was 4,822 million dollars, 4% higher than the 4,636 million dollars of 2021.
In contrast, the operating flow (ebitda) it decreased 6% in real terms to 2,681 million dollars, compared to 2,839 million dollars in the same previous period.
By regions
The company specified that its net sales in Mexico totaled 3,842 million dollars in 2022, a figure 11% higher than that of the previous year, in real terms.
In the United States, the total income of cemex were located at 5,038 million dollars last year, an increase of 16%.
Likewise, in Europe, Middle East, Africa and Asia sales reached 4.930 million dollars as a whole, a figure 2% higher than that of a year ago.
The subsidiary in South and Central America and the Caribbean reported income of 1,605 million dollars in 2022, a figure 2% higher, without adjustments, than in 2021.
Losses in the fourth quarter
The annual data contrasts with the losses of the fourth quarter of 2022.
Between October and December, Cemex posted a net loss of $99 million, compared to a profit of $195 million for the same period in 2021.
In contrast, in the last three months of last year, the gross profit of the Mexican company was 1,208 million dollars, 12% more than a year ago.
While the quarterly operating flow (ebitda) it fell 2% to settle at 630 million dollars.
It is important to highlight that, after several quarters in which we have been able to mitigate inflation in dollar terms, I see more evidence in the recovery of the margin”,
González Olivieri pointed out.
Total debt stood at 8.147 million dollars in the fourth quarter, 5% less.
cemex It had a net loss of 1,467 million dollars in 2020 hit by the economic crisis derived from the coronavirus.
The company posted net income of $143 million in 2019, down 73% from the $528 million profit in 2018.
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