Philippines: Holcim Q1 revenues up 17.2%

Philippines: Holcim Q1 revenues up 17.2%
Published: 31 May 2016


Holcim Philippines have released trading figures for 1Q2016, revealing that revenues have increased 17.2 per cent YoY to PHP10.1bn (US$216m), reports InPR.

The company attributed its good performance to higher private spending and to increased government infrastructure investment, of which PHP760bn (US$16.25bn) of funding has been allocated.

Holcim Philippines quarterly results showed operating EBITDA rising by 5.3 per cent to PHP2.5bn (US$53m). Holcim Philippines President and Country CEO, Eduardo A Sahagun, said: “Moving forward, we are cautiously optimistic as we await the results of the coming elections. Hopefully, the focus on infrastructure remains as this is much needed by the country to sustain its development.”