Cemex Latam Holdings profit falls 42 pct in 2nd quarter
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)
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