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February 12, 2016 9:34 AM ET

Construction Materials

Company Overview of Holcim Philippines, Inc.

Company Overview

Holcim Philippines, Inc., through its subsidiaries, primarily manufactures, sells, and distributes cement and clinker products in the Philippines and internationally. The company produces cement in various product brands, including Holcim Premium cement, an American Society for Testing and Materials (ASTM) type I Portland cement for general concrete construction; Holcim 4X, an ASTM C150 Portland cement for ready mix concrete applications; Holcim Excel, an ASTM type IP cement for general concrete construction; and Holcim WallRight cement, an ASTM C91 type S Masonry cement for use in block laying, plastering, and finishing use. It also offers clinker; aggregates; read mix concrete products, su...

Two World Square

7th Floor

McKinley Hill

Fort Bonifacio

Taguig,  1634

Philippines

Founded in 1964

1,813 Employees

Phone:

63 2 459 3333

Fax:

63 2 459 4444

Key Executives for Holcim Philippines, Inc.

Holcim Philippines, Inc. does not have any Key Executives recorded.

Holcim Philippines, Inc. Key Developments

Holcim Philippines, Inc. Announces Executive Changes

Holcim Philippines, Inc. at its meeting of the Board of Directors on December 4, 2015, the following were appointed as heads of the following new functions: Roman Menz: Head - Cement Industrial Performance; William de Lumley Head - Aggregates & Construction Materials; Kevin Savory Head - Procurement & Logistics; and Paul Vu-Huy-Dat Head - Strategic Transformation.

Holcim Philippines, Inc. Announces Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015

Holcim Philippines, Inc. announced consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported operating revenue of PHP 9,996,455 against PHP 8,113,355 a year ago. Net income before income tax was PHP 2,177,691 against PHP 1,029,529 a year ago. Net income after income tax was PHP 1,529,309 against PHP 721,960 a year ago. Net income attributable to parent equity holder was PHP 1,529,625 against PHP 722,205 a year ago. Basic and diluted earnings per share were PHP 0.24 against PHP 0.11 a year ago. Operating EBITDA was PHP 2,510,623 against PHP 1,449,748 a year ago. Income from operations was PHP 2,161,532 against PHP 1,053,722 a year ago. Income before minority interest was PHP 1,529,309 against PHP 722,205 a year ago. For the nine months, the company reported operating revenue of PHP 27,991,732 against PHP 24,974,047 a year ago. Net income before tax was PHP 6,432,781 against PHP 5,278,280 a year ago. Net income after tax was PHP 4,555,708 against PHP 4,043,520 a year ago. Net income attributable to parent equity holder was PHP 4,556,873 against PHP 4,044,511 a year ago. Basic and diluted earnings per share were PHP 0.71 against PHP 0.63 a year ago. Book value per share as on September 30, 2015 was PHP 3.31 against PHP 3.42 as on December 31, 2014. Operating EBITDA was PHP 7,312,048 against PHP 6,831,003 a year ago. Income from operations was PHP 6,319,508 against PHP 5,750,612 a year ago. Income before minority interest was PHP 4,556,873 against PHP 4,044,511 a year ago. Cash provided by operating activities was PHP 5,679,104 against PHP 4,827,488 a year ago. Additions to plant, property and equipment were PHP 1,274,054 against PHP 1,140,352 a year ago. Return on equity was 21.0% against 19.0% a year ago. Return on asset was 13.8% against 13.6% a year ago.

Holcim Philippines, Inc. Reports Earnings Results for the Second Quarter and Six Months of 2015

Holcim Philippines, Inc. reported earnings results for the second quarter and six months of 2015. For the quarter, the company reported that net profit slid 7.65% to PHP 1.53 billion from PHP 1.65 billion a year ago, dragged by one-time expenses and higher costs due to the importation of clinker. HPI had to import more expensive clinker to serve robust cement demand, which resulted in good production volumes during the three-month period. This pushed net sales by 6.86% year on year to PHP 9.41 billion from PHP 8.81 billion in 2014. For the six months, the company's net income fell 8.89% to PHP 3.03 billion from PHP 3.32 billion, with the early implementation of plant maintenance activities in the first quarter also dampening the results. Net sales rose by an annual 6.73% to PHP 17.995 billion from PHP 16.86 billion.

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