CEMEX, S.A.B. de C.V. (CX) announced third quarter consolidated net sales of US$4.2 billion, compared to US$5.8 billion in the comparable period last year. Majority net income was a gain of US$121 million in the third quarter of 2009, compared to a gain of US$200 million in the third quarter of 2008 due to lower operating income.
The company said the lower sales in the quarter were primarily attributable to lower volumes, mainly from our U.S. and Spanish operations, as well as the exclusion of our Venezuelan operations, and the sale of our assets in the Canary Islands.
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