Phinma revenues rise 20%

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    Phinma Corp., said profit for the first nine months of the year hit P312 million, up 37 percent from P227 last year.

    Revenues reached P8.4 billion, up 20 percent due to significant increase in cement sales and higher enrollment in the schools.

    The education unit Phinma Education Holdings Inc., posted record enrolment of 74,187 students for school year 2019-2020, up 6 percent from last year’s to push the business’ topline to P2 billion, up 9 percent.

    Phinma’s vehicle to return to the cement industry, Philcement Corp., posted significant revenues expected to accelerate further with the upcoming commissioning of its cement processing terminal as well as the takeover of pier facilities and land in Mariveles, Bataan.