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CEMEX Philippines laboratories receive ISO/IEC 17025 accreditation
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Cemex Philippines laboratories continue to be PH s only ISO/IEC 17025 accredited by NATA
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CEMEX Holdings Philippines has announced that its consolidated net sales decreased by 16% in 2020, reaching around PHP 19.7 billion, versus the comparable period in 2019.
CEMEX Holdings Philippines has announced that its consolidated net sales decreased by 16% in 2020, reaching around PHP 19.7 billion, versus the comparable period in 2019.
CHP’s domestic cement volumes in 2020 decreased by 11% year-over-year due to the COVID-19 pandemic. For the fourth quarter, its domestic cement volumes declined by 9% year-over-year due to adverse weather conditions, amidst the ongoing pandemic.
CHP’s domestic cement prices in 2020 were 6% lower year-over-year. The movement in CHP’s composite price was driven by a higher proportion of pick-up sales, lower demand, and competitive market dynamics.
Published February 15, 2021 11:43am Listed cement producer Cemex Holdings Philippines Inc. (CHP) saw a double-digit drop in its net income in 2020, as the coronavirus disease 2019 (COVID-19) pandemic weighed on business operations during the year. CHP on Monday said its net income fell to P985 million last year from P1.3 billion from 2019 to reflect a 24.23% drop, as consolidated net sales dropped by 16% while earnings before interest, taxes, depreciation, and amortization (EBITDA) declined 1% to P4.2 billion. Our results in 2020 were made possible by the effort and dedication of our employees, despite the unexpectedly challenging and extraordinary year. We remain cautious on the road ahead as headwinds and uncertainty remain, Ignacio Mijares, president and chief executive officer at CHP, said.
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