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News Eagle Cement’s income rises 13%

Eagle Cement’s income rises 13%

Written by Global Cement staff 07 March 2019
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Philippines: Eagle Cement's net income reached US$88m in 2018, a 13% increase from US$82m in 2017. It credited strong sales, despite some macroeconomic headwinds. The company’s net sales rose by 11% to US$320m from US$290m. In the fourth quarter alone, net income surged by 39%.

"While we are faced with challenges in the industry, we remain steadfast to expand the company to meet the increasing local demand for cement, driven by the thriving property sector and growth in consumption, as well as the anticipated roll out of the government's infrastructure projects," said Eagle Cement’s President and Chief Executive Officer Paul Ang.

Last modified on 13 March 2019
Published in Global Cement News
Tagged under
  • Philippines
  • Eagle Cement
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