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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 |
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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