CORRECTED-Mexico’s Cemex Q4 loss $209 mln, excluding Australia

(Clarifies that Cemex loss is without the Australian assets)

MONTERREY, Mexico, Jan 26 (BestGrowthStock) – Mexico’s Cemex, the
world’s No. 3 cement maker, posted a fourth-quarter loss,
excluding its Australia assets, of $209 million on Tuesday
versus a loss in the same period a year ago.

Cemex (CMXCPO.MX: ) (CX.N: ) said in its earnings statement
that Mexico’s fiscal reform passed in Congress last year means
it will pay an additional $799 million in taxes.

Cemex earlier reported a net income gain from continuing
operations of $265 million in the quarter.

Investing

(Reporting by Robin Emmott and Gabriela Lopez)

CORRECTED-Mexico’s Cemex Q4 loss $209 mln, excluding Australia