Cemex announced its plans to bring a quarterly dividend program to life, proposing a distribution of $120 million this year and next.

Said payment will be for a total of 120 million dollars, and once this is approved by the Shareholders' Assembly, the first reimbursement will be made in the second quarter of 2024 and the last in the first quarter of 2025.

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In its latest financial result that corresponds to the year 2023, it presented a 79 percent drop in net profit from last year, which placed it at 182 million dollars, compared to 2022 and a loss of 441 million dollars for the fourth quarter of the same year. .

If a comparison is made, Cemex's net sales rose 8% in 2023, which made it reach 17,416 billion dollars, with a growth of 5% in the fourth quarter, compared to the same period in 2022.

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Operating flow registered an increase of 20% in 2023, achieving a record of 3,347 million dollars, net sales in Mexico increased 32% last year.

The total debt of the Mexican cement company closed at 7,486 million dollars at the end of the fourth quarter of the reference year, 8% lower than in the same period of 2022, which provided financial tools to begin the dividend payment process.

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Original Note.