Cement News tagged under: Holcim Philippines

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Philippines: Holcim Q1 revenues up 17.2%

31 May 2016, Published under Cement News

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...

Holcim Philippines forecast flat net income

04 May 2016, Published under Cement News

Holcim Philippines Inc delivered flat earnings in 1Q16 although the cement maker expects strong private construction activity and the implementation of the projects under the government's public-private partnership (PPP) programme to improve matters along with state spending on infrastructure later this year. In a briefing in Makati City yesterday, Holcim President and Country CEO, Eduardo A Sahagun, said the company's bottomline was unchanged at PHP1.5bn (US$31.8m) in the January to March...

Holcim Philippines forecasts 8-10% volume growth

14 April 2016, Published under Cement News

The head of Holcim Philippines CEO, Eduardo A Sahagun expects the local cement industry to sustain its bullish run this year with sales volume seen growing by as much as 8-10 per cent. This was on the back of increased infrastructure spending by the government and the continuing construction activities of the private sector, said Mr Sahagun.   The growth was attributed to higher public spending and the continued confidence of the private sector in the economy. In an interview with the In...

Holcim Philippines net profit surges 58% YoY

02 March 2016, Published under Cement News

Holcim Philippines Inc said Wednesday net profit in 2015 surged 58 per cent YoY to PHP8.1bn (US$171m) on strong sales and a large one-off gain on investment. The company said it booked a PHP2.6bn advance from the revaluation of an investment in an affiliate while revenue rose 15 per cent to PHP37.5bn due to increased government spending in infrastructure projects and higher construction activity. Holcim Philippines Inc has an estimated cement capacity of 8.6Mta. It is also investing US$...

Holcim Philippines reports double-digit rise in net profit

30 October 2015, Published under Cement News

Holcim Philippines’ profits for the nine months of 2015 grew by 12.67 per cent to PHP4.55bn (US$97.2m) from PHP4.04bn last year. Sales reached PHP27.99bn, up 9.44 per cent from a year earlier. Cement demand was healthy nationwide and strongest in the Visayas and Mindanao, driven by both private and public sector demand. Holcim Philippines Country CEO Eduardo A. Sahagun said the company’s third quarter results were made possible by the improved performance of the plants, which can no...

Philippine quarries set to expand

07 September 2015, Published under Cement News

Four applications for expansion of mining areas have been approved by the Mines and Geosciences Bureau (MGB) since the government relaxed rules in November last year. "We have already approved several area expansions," MGB Director Leo B Jasareno said in a text message over the weekend. Holcim Philippines Inc and its Premier subsidiary are the latest cement producers to have secured approvals for two applications. Holcim’s mineral production sharing agreement (MPSA) in Agno, Pangasinan,...

Holcim Philippines' strong 2Q results

13 August 2015, Published under Cement News

Holcim Philippines Inc's strong sales continued in the second quarter of 2015 as its plants delivered record supplies of cement. Holcim Philippines net sales from April to June rose by 9.7 per cent to PHP9.4bn (US$203m) from PHP8.6bn in the 1Q15. The company’s second-quarter net income improved by 1.6 per cent QoQ to PHP1.5bn due to higher volume and prices. Holcim Philippines President and CEO, Eduardo A Sahagun, said keeping operations steady is important at a time of sustained strong d...

Holcim Philippines net quarter down 7.5% YoY

10 August 2015, Published under Cement News

Holcim Philippines Inc said Monday second-quarter net profit was down 7.5 per cent YoY, hurt by rising expenses. Holcim said the April-June quarter net profit declined to PHP1.5bn (US$33.5m) from PHP1.65bn in the year-earlier period. Second-quarter revenue rose 6.8 per cent YoY to PHP9.42bn, around half the pace of the 12 per cent YoY increase in expenses to PHP7.29bn. In the first half, net profit was down 8.9 per cent YoY to PHP3.03bn even as revenue increased 7.3 per cent to PHP18.10...

Holcim Philippines has PHP2bn capex plan

01 May 2015, Published under Cement News

Holcim Philippines Inc will set aside PHP2bn (US$44.8m) for its capital expenditures (capex) this year to boost capacity in a bid to meet rising demand amid sustained construction activity nationwide. The company noted that government spending for infrastructure, the expansion of the private commercial, residential and industrial developments and the increased pace of public-private partnerships (PPP) will provide greater opportunities for the company. Holcim Phillipines will increase its...

Holcim Philippines income and revenues rise 13% YoY

26 February 2015, Published under Cement News

Holcim Philippines posted another record performance last year with a double-digit rise in sales on the back of strong and private infrastructure spending. The company said that its net income rose by 13 per cent to PHP5.14bn from the previous year’s PHP4.55bn. Revenues also advanced 13 per cent to PHP32.64bn from last year’s PHP28.89bn, the company said. “The healthy economy continues to provide opportunities for our business to thrive. Last year, with the sustained construction boom, ...