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UPDATE 1-Mexico's Cemex posts wider-than-expected quarterly loss

Thursday, 24 Oct 2013 | 7:52 AM ET

MEXICO CITY, Oct 24 (Reuters) - Mexico's Cemex, one of the world's biggest cement companies, reported a wider-than-expected quarterly loss on Thursday as taxes and financial expenses increased.

The Monterrey-based company posted a third-quarter loss of $155 million, compared with analysts' average forecast of a loss of $22 million, according to a Reuters survey.

Cemex lost $203 million in the year-earlier third quarter.

Net sales rose 3 percent to $4.02 billion, while analysts expected $4.05 billion.

Operating core profit, or earnings before interest, taxes, depreciation and amortization, rose 2 percent to $747 million from $735 million a year earlier.