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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 […] ....

Keren Concepciong Valmonte , Cemex Holdings Philippines Inc , Holdings Philippines , Keren Concepcion , செமெக்ஷ ஹோல்டிங்ஸ் பிலிப்பைன்ஸ் இன்க் , ஹோல்டிங்ஸ் பிலிப்பைன்ஸ் , கர்ரந் கருத்து ,

Nestlé PH NESCAFÉ Plan wins Grand Anvil


th Anvil Awards of the Public Relations Society of the Philippines.
The Grand Anvil was bestowed on the NESCAFÉ Plan, a long-term program of Nestlé Philippines to help the country’s Robusta coffee farmers raise their yields, incomes and quality of life, while promoting increased local coffee production and the growth of the country’s coffee industry, within the framework of sustainability. Under a banner initiative of the NESCAFÉ Plan, Project Coffee+ involving 1,500 farmers in Bukidnon and Sultan Kudarat,on average the production of participants has doubled while incomes have tripled. Nestlé Philippines increased its local buying of Robusta coffee beans in the past crop year by 27 percent. ....

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CHP shares full year 2020 results


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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. ....

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