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MANILA, Philippines – High demand for cement owing to an increase in construction activities in the country lifted the net income of Holcim Ltd. in 2012.
Holcim said its net income attributable to equity holders of parent surged 80% to P3.6 billion in 2012 from P2 billion in 2011. This reversed the 47% contraction the company booked in 2011, when delays in infrastructure projects pulled down government spending.
The company’s total revenues rose 26% to P27.16 billion from P21.62 billion, and cement sales accounted for most of the amount. Revenues from cement and related materials climbed 25% to P26.5 billion from P21.15 billion in 2011. – Rappler.com
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