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LatinNews Daily - 25 July 2025
In brief: Mexico’s Cemex records solid profit in Q2
*Mexican cement giant Cemex has reported that its profit grew by 38% year-on-year in the second quarter of 2025, totalling US$318m. However, net sales dropped by 5% to US$4.1bn, while core earnings measured by earnings before interest, tax, depreciation, and amortisation (Ebitda) were down 11% to US$823m. Sales dropped by 23% in Mexico and by 6% in the US, although sales were up 13% year-on-year in Europe, the Middle East, and Africa. The financial results come as the company is undergoing a major restructuring process, which has included thousands of layoffs.
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