Cemex results beat forecast

Cemex, the Mexican cement giant, posted a 125% increase in sales in the second quarter to $4.4 billion. The rise was attributed to the acquisition of RMC of the UK earlier this year. Operating income rose 60% to $751 million. However, EBITDA margins decreased to 22.6% from 32.6%, pressured by higher energy costs and charges at RMC.