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Wed 07 Jul 2008Cemex sees 27% fall in second-quarter profit
Cemex, North America's largest cement maker, said second-quarter profit dropped 27 per cent as construction slumped in most of its largest markets and debt costs rose.
Cemex, which controls Irish cement maker Readymix, said net income fell to $444 million, or 59 cents per American depositary receipt, from $611 million, or 83 cents, a year earlier, Cemex said in a statement.
Analysts had expected earnings of 73 cents per ADR.
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