Holcim profit down to P6.8 B in 2016

Holcim Philippines reported a lower net income of P6.8 billion last year, compared to the P8.1 billion recorded in 2015.

The 2015 profit included a one- time gain of P2.6 billion from the revaluation of Holcim’s investment in an affiliate.

“Without the one-off item in 2015, profits were higher by 24 percent in 2016 on effective management of manufacturing costs even as the company raised its cement production capacity,” Holcim said.

Revenues rose 7.5 percent to P40.3 billion on higher volumes and prices.

Holcim posted higher sales last year despite increased competition, its chief operating officer Sapna Sood.

“Ensuring stable supply is critical in these times of high building activity. Last year, we demonstrated our commitment to keep the market supplied by raising our production capacity and leaning on our strong regional network. As a result, we showed our customers we are a reliable partner which helped us compete even with the entry of new players,” Sood added.

Strong revenues and effective cost management efforts lifted the company’s earnings.

With higher revenues and manufacturing and enhanced distribution network, the company’s EBITDA increased by 14 percent to P10.8 billion.

“Aside from raising our production capacity, we are well positioned to introduce more value-adding construction solutions from the LafargeHolcim Group to help the country build better as it embarks on more sophisticated construction projects,” Sood added.

Holcim Philippines increased cement production capacity and is introducing more construction solutions from the LafargeHolcim Group to help the country build better.

At present, the company has cement manufacturing facilities in La Union, Bulacan, Misamis Oriental and Davao, mobile concrete ready- mix facilities and an aggregates business backed by a strong nationwide network of dealers, Holcim Philippines is a reliable partner of builders in the country.

Holcim Philippines is also committed to the highest standards of sustainable operations and manufacturing excellence with its plants certified under ISO 14001: 2004 (Environmental Management System), ISO 9001:2008 (Quality Management System) and OHSAS 18001: 2007 ( Occupational Health and Safety Management System).

Holcim Philippines is a member of the LafargeHolcim Group, the world leader in the building materials industry present in 90 countries with over 100,000 employees.

–