Cemex Latam Holdings profit falls 42 pct in 2nd quarter

miércoles 22 de julio de 2015 10:49 GYT
 

BOGOTA, July 22 (Reuters) - Cemex Latam Holdings, a subsidiary of Mexican cement maker Cemex, said on Wednesday its second-quarter net profit slipped 42 percent to $39 million amid a decline in sales and currency depreciations.

Profit was down from $67 million during the same period last year.

Net consolidated sales fell 11 percent to $394 million compared with the second quarter of 2014.

"The fall is principally explained by exchange rate fluctuations and lower sales in Colombia," the company said in a statement. Adjusting for currency fluctuations, net sales were up 7 percent.

Cemex Latam Holdings operates in Colombia, Brazil, Panama, Costa Rica, Guatemala, Nicaragua and El Salvador.

(Reporting by Nelson Bocanegra; Writing by Julia Symmes Cobb; Editing by Matthew Lewis)