Holcim (Philippines) Inc said its net profit in 2005 fell 9 per cent to 1.27bn pesos from 1.4bn a year earlier, owing to weak demand for cement. Revenues grew 6.4 per cent to 14.2bn pesos, it said, but no other details were given. Holcim (Philippines) is 51 per cent-owned by Cemco Holdings Inc, in which Switzerland’s Holcim Ltd has a sizeable stake.
