Elementia sees 39% rise in 3Q EBITDA

Mexico-based Elementia reported EBITDA of MXN1.296bn (US$67.9m) in 3Q17, an increase of 38.9 per cent YoY. The company attributes the rise in earnings to higher sales and prices in its cement division.

The company posted third-quarter revenues of MXN6.555bn, up 40 per cent when compared with the July-September 2016 period.

Net income reached MXN340m, swinging the building materials firm back into the black after a loss of MXN47m in 3Q16.