CEMEX's Majority Net Income Grows 1% in First Quarter 2002; Key Financial Ratios Continue to Improve.

Business WireApril 22, 2002

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CEMEX's Majority Net Income Grows 1% in First Quarter 2002; Key Financial Ratios Continue to Improve.

Business Editors

MONTERREY, Mexico--(BUSINESS WIRE)--April 22, 2002

CEMEX, S.A. de C.V. (NYSE: CX) announced today that its net majority earnings for first quarter 2002 increased 1% versus the same quarter of 2001, to US$280 million (US$0.96 per ADS). In real peso terms, net majority earnings declined 3% to MXP2.5 billion (MXP1.73 per CPO).

First quarter net sales of US$1...

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