DMCI Holdings Inc. is optimistic that Cemex Holdings Philippines (CHP) — the conglomerate's first acquisition in 10 years and its largest investment to date — will swing back to profit as early as this year.
CHP, the fourth-largest cement manufacturer in the country, saw its net loss double to P2 billion in 2023 from the P1 billion incurred a year earlier, mainly due to higher costs and lower sales volume.
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