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EAGLE’s net profit soars 35% to P4.7 billion in 9M19

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.

EAGLE’s first half net income climbs 44% to P3.3 billion

Listed local cement company Eagle Cement Corporation (EAGLE) remains optimistic to post double digit growth for 2019, with net income for the first half of 2019 climbing by 44% to P3.3 billion from P2.3 billion in 2018.

EAGLE’s 1Q19 net earnings expands 49% to Php1.6 billion

Listed local cement company Eagle Cement Corporation (EAGLE) continued to deliver robust growth in the first quarter of 2019, with net income expanding by 49% to Php1.6 billion from Php1.1 billion in the comparable period in 2018.



In light of the ongoing concerns on Covid-19, we would like to assure the public that the health and safety of our people, our clients and our community are our highest priority. Our immediate response has been to take all necessary safeguards to manage the situation. We are doing what we can to address the economic, social and environmental impact of COVID-19. We have a business continuity plan in place and is being implemented across the Company.

 

EAGLE ensures compliance on the implementation of the guidelines from the Department of Health, Department of Labor and Employment and World Health Organization. We also encourage employees to conduct business meetings via teleconference or video conference. We have efforts to reach a work from home solution for our staff in Metro Manila should the need arises. Employees who have recently traveled in countries with confirmed cases are under self-quarantine of 14 days before reporting to work.

 

All strict measures and actions are promptly taken by the Company and our third parties to inform the management of those who might have come into contact with a colleague or third party for the appropriate checks and provide any possible form of support.

 

While the work to protect public health needs to speed up, the economy can’t afford to slow down. Thus, our manufacturing, construction and distribution activities will continue normal operations. Eagle’s Bulacan and Bataan plants have sufficient inventory and manpower, even with an extended community quarantine.

 

To date, we have no known case or employees with symptoms of Covid-19.