Taguig—(PHStocks)—Holcim Philippines Inc.‘s (PSE: HLCM) strong sales continued in the second quarter as its plants delivered production records to supply the robust cement demand driven by healthy construction activity nationwide.
Holcim Philippines’s net sales from April to June rose by 9.7% to PhP9.4 billion from PhP8.6 billion in the first quarter of 2015. The company’s second quarter net income improved by 1.6% quarter-on-quarter to PhP1.5 billion due to higher volume and prices.
For the first half of 2015, the company tallied PhP18 billion in revenues, higher by 6.7% than the previous year’s PhP16.9 billion. Holcim Philippines’s first half profits reached PhP3 billion, slightly lower than last year due to the early implementation of plant maintenance activities and higher usage of more expensive imported clinker in the first quarter.
Holcim Philippines President and CEO Eduardo A. Sahagun said keeping production operations steady is important at a time of sustained strong demand.
“Further improving the efficiency of our production facilities has been the focus of management. Our investment in facility upgrades allows our plants to run longer before scheduled maintenance activities. This will pay off in the current market environment as we are able to meet the demands of customers,” he said.
To fulfill Holcim’s commitment to supply the market, Sahagun said the company has new initiatives to meet the demand.
“We understand that contractors are most concerned with steady cement supply and this is what we are trying to address in the second half. We will further improve our ability to supply our customers so that they finish their projects on time,” he added.
Apart from supplying the market, Sahagun said the company will continue to be focused on the safety of operations, steady production and cost management in the months ahead.