October 25, 2018 / 10:25 AM / a month ago

Mexico's Cemex profit slumps 39.8 pct

Oct 25 (Reuters) - Mexican cement company Cemex reported a 39.8 percent slump in third-quarter profit on Thursday, hurt by lower demand in its South and Central America and the Caribbean.

The company said net profit fell to $174 million in the three months ended September, compared with $289 million in the year-ago period.

Sales rose 8 percent to $3.7 billion. (Reporting by Sanjana Shivdas in Bengaluru; Editing by Arun Koyyur)

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