Philippines: Eagle Cement’s sales rose by 24% year-on-year to US$246m in the first half of its 2023 financial year from US$199m a year earlier. Its income was US$53.4m, down by 20% year-on-year from US$66.6m. Eagle Cement attributed the decline to cost impacts resulting from the Russian invasion of Ukraine and bottlenecks in global supply chains. Its operating expenses were US$26.1m, up by 35% year-on-year.
Eagle Cement increases sales as income declines in first half of 2023 financial year
URL: https://www.globalcement.com/news/item/14488-eagle-cement-increases-sales-as-income-declines-in-first-half-of-2023-financial-year
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