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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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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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