Cementos Moctezuma posts positive 3Q12 results

Mexico’s Cementos Moctezuma 3Q12 net sales reached MXN2.297bn (US$177.7m), representing a rise of 12.7 per cent when compared to last year’s equivalent period. Operating profit climbed MXN757m, up from 3Q11’s figure of MXN573m. Pretax profits improved from MXN591m to MXN758m over the three-month period, according to information sent to the Mexican stock exchange.

For the first nine months of the year, Cementos Moctezuma registered net sales of MXN6.820, increasing from MXN5.988bn, noted for 9M11. Operating profits advanced from MXN1.677bn to MXN2.225bn while pretax profits jumped from MXN1.724bn to MXN2.232bn.

Cementos Moctezuma attributed the positive results to the effectiveness of its net sales, cost efficiency and operating expenses.