MEXICO CITY: Mexico's Cemex, one of the world's largest cement companies, on Thursday said it made a surprise profit in the fourth quarter, helped by lower financial expenses.
The company reported a profit of $144 million compared to a loss of $178 million in the year-earlier quarter.
Analysts had expected the company to report a loss of $111 million.
Cemex, which reports its results in US dollars, said its core profit or operating earnings before interest, taxes, depreciation and amortization (EBITDA) fell 4 percent to $663 million from $692 million, hurt by currency volatility.
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