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CEMEX posts Q2 profit

Cemex SAB de CV said its normalized net income for the second quarter amounted to 1.80 billion pesos.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 2.9%.

Total revenue totaled 59.39 billion pesos, and total operating expenses totaled 51.75 billion pesos.

Reported net income came to 1.76 billion pesos, or 12 centavos per share.

As of July 16, US$1 was equivalent to 15.81 Mexican pesos.