July 26, 2018 / 10:49 AM / 5 months ago

Mexico's Cemex posts higher 2nd-qtr profit, will sell assets

MEXICO CITY, July 26 (Reuters) - Mexican cement company Cemex posted higher second-quarter profit on Thursday compared to the year-earlier quarter, and added that it would aim to cut costs and shed assets in the next 2.5 years.

The company said that net profit was $382 million in the three months to end-June, compared to $288 million in the year-earlier period. (Reporting by Christine Murray and Noe Torres; editing by Jason Neely)

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