Cemex Holdings Philippines Inc. (CHP) reported a consolidated net loss of P1.0 billion for 2022, 238 percent lower than its P725.5 million profit in 2021, mainly as a result of lower sales and foreign exchange losses. In a disclosure to the Philippine Stock Exchange, the firm said its consolidated...
CEMEX Asian South East Corporation (CASEC) is increasing its stake in Cemex Holdings Philippines Inc. (CHP) to 89.86 percent from 77.89 percent by acquiring an additional 11.97 percent through a P2.1 billion tender offer. In a disclosure to the Philippine Stock Exchange, Cemex said the tender offer...
Cemex, Manila Water collaborate on sustainable practices By JAMES A. LOYOLA CEMEX Holdings Philippines, Inc. (CHP) and Manila Water Company, Inc. (Manila Water) have signed a Memorandum of Understanding (MOU) to collaborate on sustainable business practices. In a statement, Manila Water said the...
Cemex Holdings Philippines Inc. (CHP), recorded a net loss of P267 million for the first half of 2022 from a net income of P804 million in the same period last year, with a net loss of P528 million incurred during the second quarter. In a disclosure to the Philippine Stock Exchange, the firm said...
Cemex Holdings Philippines Inc. (CHP), one of the country’s largest cement makers, reported a 27 percent growth in net income to P261 million in the first quarter of 2022 from the P205 million posted in the same period last year. “We continue to adjust and adapt our operation to the challenging...
Solid Cement Corporation, a subsidiary of Cemex Holding Philippines Inc. (CHP), is finally pushing through with its long delayed capacity expansion at higher cost of $323 million from the original $235 million in 2018. In a disclosure to the Philippine Stock Exchange, CHP said Solid will be...
Cemex Holdings Philippines Inc. (CHP) reported a 26 percent drop in net income to P726 million last year from the P985 million earned in 2020 mainly due to foreign exchange losses as well as the lower operating earnings in the fourth quarter. In a disclosure to the Philippine Stock Exchange, CHP...
Cemex Holdings Philippines, Inc. (CHP) reported that the cement manufacturing plant of subsidiary APO Cement Corporation in Naga City, Cebu, is operational in the aftermath of Typhoon Odette. In a disclosure to the Philippine Stock Exchange, Cemex said that, while APO Cement has experienced...
Cemex Holdings Philippines Inc. (CHP), one of the country’s top cement producers, reported an 18 percent growth in net income to P897 million for the first nine months of 2021 from the P758 million earned in the same period last year. In a disclosure to the Philippine Stock Exchange, CHP said the...
Department of Trade and Industry (MANILA BULLETIN) The Philippines has expanded the list of countries covered with the safeguard measure on cement importation with additional 13 countries, including Indonesia, as sourcing of cheap cement may have been diverted to countries previously exempt from...
Cemex Holdings Philippines Inc. (CHP) reported a decline in consolidated net income to P985 million last year from P1.3 billion in 2019 due to the negative impact of the COVID-19 pandemic on cement prices and volumes. In a disclosure to the Philippine Stock Exchange, the firm said its...
The local stock market is seen to trade with a downward bias this week even as investors await the release later in the week of the gross domestic product figure for the fourth quarter of 2020. “The local market’s bias is still seen to be tilted to the downside amid waning optimism and...
