July 25 (Reuters) - Mexico's Cemex, one of

the world's largest cement producers, reported a slight dip in

its second-quarter net profit on Thursday, mainly due to a

negative currency exchange effect from the depreciation of the

Mexican Peso.

Cemex posted a net profit of $230.3 million for the quarter,

slightly lower than in the same period last year.

Like many Mexican firms operating abroad, Cemex saw its

foreign earnings diluted by a stronger Mexican peso last year.

However, the local currency weakened in the second quarter,

dropping nearly 7% to the U.S. dollar compared to a year ago.

Despite higher prices in local currency terms, its revenue

remained flat at $4.49 billion, missing an LSEG forecast of

$4.67 billion.

Higher net sales in Mexico and South Central America were

offset by declines in the U.S. and Europe, Middle East and

Africa (EMEA).

The company said adverse weather conditions also contributed

to the lower consolidated volumes and stagnating revenue.

In Mexico, Cemex's largest market, sales rose 6%

year-on-year, reflecting robust growth in both formal and

informal construction sectors despite weather-related

disruptions in June.

The South America, Central America and Caribbean market saw

a 3% rise in sales compared to last year, driven by positive

pricing contributions, the company said.

In contrast, U.S. revenues and volumes fell slightly,

largely due to poor weather.

In the EMEA region, sales fell 7% year-on-year due to

sluggish demand in Europe and the geopolitical turmoil in the

Middle East, Cemex added.

The company operates in Israel, Egypt and the United Arab

Emirates.

The company said the sale of its Philippines operations,

announced in the first quarter, was expected to close by the end

of the year.