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News Eagle Cement increases nine-month sales, earnings and profit in 2021

Eagle Cement increases nine-month sales, earnings and profit in 2021

Written by Global Cement Staff 11 November 2021
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Philippines: Eagle Cement recorded consolidated sales of US$324m in the first nine months of 2021, up by 63% year-on-year. The company said that its cement volumes recorded double-digit growth during the period. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) were US$134m, up by 59% from US$83.9m. Its net profit meanwhile rose by 89% to US$102m from US$53.9m.

The company also announced that it has completed its expansion of its 7.1Mt/yr Bulacan cement plant in Luzon. The newly commissioned plant now boasts a fifth grinding mill, a third packing facility and a fifth cement silo, along with new supporting facilities.

Last modified on 17 November 2021
Published in Global Cement News
Tagged under
  • Philippines
  • Eagle Cement
  • Results
  • Expansion
  • Upgrade
  • Plant
  • Grinding mill
  • Packing plant
  • Silo
  • GCW532
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