Holcim nets P2.4B

The country's leading cement-maker Holcim Philippines posted a net profit of P2.4 billion last year, down by 65 percent from the previous year, attributed to the slowdown in the construction sector, increased competition and higher input costs. Cement volumes stabilized in the fourth quarter, but weaker cement prices and higher production and distribution cost still gnawed on performance for the period, Holcim told the Philippine Stock Exchange on Friday. Sapna Sood, president and chief executive officer of Holcim Philippines, said: "Despite a challenging 2017, we pursued initiatives and continued investments that prepare us for the opportunities ahead in one of the best-perfor...Keep on reading: Holcim nets P2.4B

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