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News Eagle Cement increases sales as income declines in first half of 2023 financial year

Eagle Cement increases sales as income declines in first half of 2023 financial year

Written by Global Cement staff 09 August 2022
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Philippines: Eagle Cement’s sales rose by 24% year-on-year to US$246m in the first half of its 2023 financial year from US$199m a year earlier. Its income was US$53.4m, down by 20% year-on-year from US$66.6m. Eagle Cement attributed the decline to cost impacts resulting from the Russian invasion of Ukraine and bottlenecks in global supply chains. Its operating expenses were US$26.1m, up by 35% year-on-year.

Last modified on 10 August 2022
Published in Global Cement News
Tagged under
  • Philippines
  • Eagle Cement
  • Results
  • Russia
  • Ukraine
  • War
  • Invasion
  • supply chain
  • costs
  • GCW569

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