Mexico: Grupo Cementos de Chihuahua (GCC) reported a gross profit of US$188m in the third quarter of 2019, down by 4.8% compared to US$198m in the three months to 30 September 2018. GCC CEO Enrique Escalante stated that the company ‘overcame a difficult start to 2019’ with ‘record cement volumes in an increasingly competitive environment in certain markets’ and strengthened pricing. Sales rose 4.2% year-on-year to US$706m from US$677m, with US sales lagging behind the overall increase at 3.0% to US$515m from US$500m.
Grupo Cementos de Chihuahua’s third quarter gross profit falls 4.2% year-on-year
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