Cemex Q3 Sales Up 5%, Net Profit Down 35% on Year

Cemex reported higher sales and operating gains in Q3, with sales up 5% to $4.25 bln. However, net profit fell to $264 mln, down from $406 mln in the year-earlier quarter. Adjusted for asset sales, profit rose 8%. The company's earnings before interest, taxes, depreciation, and amortization increased 19% to $882 mln.