(H/T to reader JR)
|NET SALES (millions of dollars)|
|2Q 09||2Q 08|| 2Q 09 vs |
|6M 09||6M 08|| 6M 09 vs |
|United States|| ||102.9|| ||123.0|| ||-16.3%|| || ||165.3|| ||199.2|| ||-17.0%|
|Mexico|| ||46.2|| ||75.0|| ||-38.4%|| || ||89.5|| ||133.5|| ||-33.0%|
Net Sales in the second quarter of 2009 rose 3.6% with respect to the year ago period, totaling $2,358.6 million pesos. This was the result of a 6.4% increase in the United States and 76.0% in Bolivia.
In the United States, sales in pesos rose 6.4% compared to the second quarter of 2008 as a result of a more favorable pricing environment in concrete and the depreciation of the peso against the dollar. There was a decline in the residential and public infrastructure sectors, and a slight improvement in the commercial sector.
In Mexico, sales totaled $616.0 million pesos in the second quarter of 2009, a lower figure than in the same quarter of last year. Public infrastructure showed some strengthening, while activity in the residential and commercial sectors declined. The pricing environment in cement and concrete was more favorable.
GCC’s proportional sales in Bolivia rose 76.0% during the second quarter of 2009 compared to the year ago period. This strong growth was due to greater demand in the DIY and commercial-industrial sectors, as well as the depreciation of the peso against the Bolivian peso.
So the next time somebody starts on about that bad economy in Bolivia, tell 'em to STFU, yeah?