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Cemex profits rise 130% to P205 M – Manila Bulletin

Published May 2, 2021, 5:00 AM
Cemex Holdings Philippines Inc. (CHP) reported a 130 percent surge in net income to P205 million in the first quarter of the year from P89 million earned in the same period of 2020.
In a disclosure to the Philippine Stock Exchange, the firm said this is mainly due to a 78 percent decrease in financial expenses, reflecting lower debt levels and declining interest rates.
CHP said its consolidated net sales decreased by 8 percent during the first quarter of 2021, versus the comparable period in 2020, amounting to P5.2 billion.
The firm said its domestic cement volumes decreased by 4 percent year over-year during the first quarter, amidst the ongoing COVID-19 pandemic and its impact on economic activity. ....

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Cemex Philippines net income more than doubles in Q1

Cemex Holdings Philippines, Inc. (CHP) booked a P205-million net income in the first three months of the year, 130% higher than the P89 million earned in the same period in 2020 on the back of lower financial expenses. In a regulatory filing on Friday, the cement producer said expenses declined by 78% on lower debt […] ....

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Cemex Philippines records net income of PHP98m in 2020

Cemex Philippines records net income of PHP98m in 2020
16 February 2021
Cemex Holdings Philippines Inc reported a 23 per cent weaker net income of PHP985m (US$20.54m) in 2020 from PHP1.3bn in 2019, as the coronavirus impacted its operating earnings.
The listed company’s consolidated net sales also dropped by 16 per cent last year to PHP19.7bn from PHP23.6bn in the previous year. The COVID-19 pandemic slumped the firm’s domestic cement volumes by 11 per cent YoY in 2020, while its domestic cement volumes in the fourth quarter shed nine per cent YoY due to adverse weather conditions.
Cemex posted a net income of PHP227m in the fourth quarter last year, down 44 per cent from PHP405m in the same period last year. The company’s net sales for the period were 15 per cent lower totalling PHP4.6bn from PHP5.4bn YoY. ....

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Cemex Holdings posts double-digit drop in 2020 net income

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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Philippines' remarkable IPOs | BusinessWorld

Philippines' remarkable IPOs | BusinessWorld
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