Cemex shares fell 7.8% this Monday after the publication of its third quarter financial report, the deepest decline since February 8, according to data from the Mexican Stock Exchange and the Investing.com site.
The price of the cement company’s securities was 11.94 pesos at the beginning of the session and closed at 10.98, the first time it has been below 11 pesos since November 1st.
The Mexican company reported earlier that in the third quarter its operating flow or EBITDA decreased 9% annually, hit mainly by climatic effects.
Cemex, with operations in America, Europe, Africa, Asia and the Middle East, reported an EBITDA of $747 million, with its net sales declining 3% annually to $4.09 billion.
The lower revenues were dragged down by a 5% drop in its sales in Mexico, and a 4% drop in the United States, its two main markets, which overshadowed a 1% increase in its billings in the Europe, Middle East and Africa region. .
With information from Reuters
Read: Cemex reduces annual projection after drop in operating flow during the third quarter
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