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Cement giant Holcim says higher margins pushed up 2021 profits

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Cement giant Holcim Philippines saw higher profits in 2021 as it shielded margins from higher costs by raising prices. | miguelrcamusINQ /PDI

Holcim Philippines said net income last year jumped over 24 percent to P2.6 billion while sales increased 3.58 percent to P26.95 million.

“Despite market pressures brought by the pandemic, weather disturbances that impacted the continuity of construction activities, and surges in energy and fuel prices, our company was able to deliver strong profit growth in 2021 from 2020,” Adrian said.

 

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