Holcim Philippines saw its sales rise by 18.5% to PHP 10.1bn (US£189.02mn) from PHP 8.6bn ($160.94mn) in Q2 2018.
However, the company’s net income over the same period slumped by 25% to PHP 868mn ($16.24mn), compared to the same three months of 2017.
On a six-month basis, Holcim Philippines’ net income dropped by 25% to PHP 1.57bn ($29.38mn), with operating EBITDA also lower by 24% to PHP 2.77bn ($51.84mn). In contrast, revenues rose 7.78% to PHP 18.75bn ($350.9mn).
“Our Q2 performance showed enco