Philippines: Eagle Cement’s net profit rose by 8% year-on-year to US$64.4m in the first nine months of 2017 from US$59.7m in the same period in 2016. It attributed the growth to higher sales volume despite tight competition, according to the Manila Bulletin newspaper. Its net sales revenue grew by 12% to US$219m from US$196m. This was due to over 20% growth in the sales volume of bagged and bulk cement even though the price of cement has fallen, in part because of imports. The cement producer is set to commission a third production line at its Bulacan plant in 2018.
Eagle Cement builds profit on higher sales volumes
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