Holcim H1 profit climbs 21% to P3.7BCEMENT maker Holcim Philippines Inc. on Thursday vowed to keep cement supply steady in support of the new administration’s plan to ramp up infrastructure spending as it reported a 21 percent growth in first half earnings. He admitted that Holcim Philippines would still import products to support its supply requirement in the Philippines but it would import from Holcim brands in the region. Holcim Philippines had reported flat net income of P1.5 billion in the first quarter after shutting down its Bulacan and La Union plants for scheduled maintenance. The cement maker reported net income of P3.66 billion for the first six months, up from P3.02 billion in the same period last year. In a press briefing, Eduardo Sahagun, Holcim Philippines country president and chief executive officer, attributed the positive results to strong demand for cement in the second quarter, boosted by sustained public and private building activities.

Source: Manila Times July 28, 2016 12:45 UTC