The cement company said the cost of goods sold remained at the same pace despite higher consumption of imported clinker. Share price of Holcim Philippines on Thursday rose 1.5 percent to P15.88, bucking the market decline. The strong second quarter performance boosted Holcim Philippines’ first-half net income to P3.7 billion, up 20 percent. The company raised prices by an average of 2.2 percent in the second quarter of 2016. To meet increasing demand, the company has been expanding capacities of existing cement plants in La Union, Bulacan, Misamis Oriental and Davao.

Source: The Standard July 28, 2016 15:38 UTC