Listed local cement company Eagle Cement Corporation (EAGLE) continued its positive earnings momentum in 9M19, recording a 35% growth in net income to P4.7 billion in the first nine months of 2019 from P3.5 billion in the comparable period last year.
Enterprise Risk Management
Eagle Cement Corporation, in line with the best practice in business processes, instills high priority on risk management across the company. This is evident on the company’s effort to educate their employees on risk concepts and theories, and encourages active participation of all departments when it comes to assessment of risks being faced by the company.
Even before the formation of the Business Risk Oversight Committee composed of the BODs, employees immersed themselves on risk awareness through series of orientation and activities such as preparation of HIRADCs for IMS purposes.
Currently, the Company has a solid risk management system when it comes to occupational and operations hazards, and it aims to strengthen the risk management system by fortifying the current risk set-up with disaster recovery and business continuity management plan.