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HCMLY Holcim Ltd (PK)

17.41
-0.09 (-0.51%)
28 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Holcim Ltd (PK) USOTC:HCMLY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.09 -0.51% 17.41 17.25 17.73 17.57 17.3761 17.57 59,290 21:01:20

LafargeHolcim's First-Half Net Income Slumped

30/07/2020 6:29am

Dow Jones News


Holcim (PK) (USOTC:HCMLY)
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From May 2019 to May 2024

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   By Martin Mou 
 

LafargeHolcim Ltd. said Thursday that its net income for the first half of the year fell 66% compared with the same period a year earlier but it expects a solid performance in the second half as demand recovers.

Net income fell to 347 million Swiss francs ($380.2 million), the Swiss cement maker said. The decline was partly due to a fall in sales.

Its first-half recurring earnings before interest and taxes fell to CHF1.19 billion from CHF1.67 billion a year earlier, the company said.

Net sales for the first half fell 18% to CHF10.69 billion and in the second quarter they slid 24% to CHF5.40 billion, LafargeHolcim said.

 

Write to Martin Mou at martin.mou@wsj.com

 

(END) Dow Jones Newswires

July 30, 2020 01:14 ET (05:14 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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