Eagle Cement reports 30% fall in net sales 13 April 2021 Philippine-based Eagle Cement Corp has reported a net income of PHP3.4bn (US$70.02m) in 2020, down 44 per cent YoY as a result of lockdown measures imposed in mid-March. "The halting of our operations due to pandemic-related restrictions took a hit on our results in the first half of 2020, but the remaining half proved that we are well-positioned to bounce back," said John Paul L Ang, CEO. Net sales declined 30 per cent to PHP13.9bn from PHP19.8bn in 2019, but the PHP8bn from sales generated in the 2H20 was 35 per cent higher than the company's sales in the first half.