Cemex posts H1 net loss of P662M

By Ed Paolo Salting

Jul 29, 2023 12:23 am

CEMEX Holdings Philippines Inc. incurred a net loss of P662 million in the first half (H1), more than double the P267 million posted a year earlier, as earnings fell and sales costs rose.

Consolidated net sales amounted to P9.1 billion, down 15 percent from P10.7 billion a year earlier. Domestic cement volumes dropped by 17 percent following subdued demand and heightened industry competition.

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