Cemex Reports Strong Results

Cemex, the world’s third-largest cement maker, said first-quarter profit surged 43 percent after the Mexican company bought U.K.-based RMC Group for $5.8 billion and an expanding U.S. economy boosted demand. Net income rose to $444 million from $311 million a year earlier. Sales, including one month of RMC operations, also grew 43 percent, to $2.6 billion.