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Mexico's Cemex reports 19 pct rise in 1st-qtr profit

April 21 (Reuters) - Mexico's Cemex, one of the world's largest cement producers, reported a 19 percent rise in first-quarter earnings to $358 million.

The company, which has been selling assets to cut debt and regain its investment-grade credit rating, reported a 3 percent rise in sales to $3.2 billion.

(Reporting by Parikshit Mishra in Bengaluru; Editing by Maju Samuel)