Cement maker Cemex - owner of Rugby Cement - has seen net sales increase by nine per cent to £2.15 billion in the first quarter of 2007, compared to the same period last year.
The world's third largest cement maker, which operates in 50 countries, reported earnings before interest, taxes, depreciation and amortisation (EBITDA) of £434 million in the quarter, up six per cent from the same period a year ago.
In the UK net sales increased four per cent to £232.5 million compared to the same period last year. EBITDA fell by 30 per cent to £11 million compared to last year's first quarter £16 million.
Overall the group posted a 21 per cent fall in first quarter profit compared to the same period last year. The £200 million figure was in line with expectations.
The figure compares to £252.5 million a year ago when the company received a one-off windfall from an agreement with the US over the cancellation of cement
import tariffs. Cutting out the windfall, Cemex's first-quarter earnings rose 12 per cent due to strong sales in its home base Mexico, Spain, Latin America, Asia and Africa.
That was despite a 20 per cent fall in net US sales.