CEMEX Holdings Philippines, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 02, 2022 at 08:36 am EDT
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CEMEX Holdings Philippines, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was PHP 5,132.15 million compared to PHP 5,414.36 million a year ago. Net loss was PHP 552.07 million compared to net income of PHP 93.55 million a year ago. Basic loss per share from continuing operations was PHP 0.04 compared to basic earnings per share from continuing operations of PHP 0.01 a year ago.
For the nine months, sales was PHP 15,806.82 million compared to PHP 16,308.46 million a year ago. Net loss was PHP 818.75 million compared to net income of PHP 897.24 million a year ago. Basic loss per share from continuing operations was PHP 0.06 compared to basic earnings per share from continuing operations of PHP 0.07 a year ago.
CEMEX Holdings Philippines, Inc. is a Philippines-based vertically integrated heavy building materials company focused on four core businesses: cement, ready-mix concrete, aggregates and urbanization solutions. The Company's products and services include cement, services, sustainable construction and admixtures. The Company sells product types, such as portland-pozzolan blended cement (high strength), ternary blended cement and masonry cement. Its cement products include Rizal High Strength, APO High Strength, CEMEX Palitada King, Rizal Portland Ternary, APO Portland Ternary and APO Masonry. It offers a global end-to-end digital solution with CEMEX Go. Its Vertua brand is a portfolio of sustainable products. Its Rizal and Island branded products are mainly sold in Metro Manila and Southern Luzon. Its APO branded product is mainly sold in the Visayas and northern Mindanao regions. It has two cement plants with an aggregate installed annual capacity of around 5.7 million tons of cement.
CEMEX HOLDINGS PHILIPPINES, INC. 
