LafargeHolcim's First-Half Net Income Slumped
July 30 2020 - 1:29AM
Dow Jones News
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.
Holcim (PK) (USOTC:HCMLY)
Historical Stock Chart
From Apr 2024 to May 2024
Holcim (PK) (USOTC:HCMLY)
Historical Stock Chart
From May 2023 to May 2024
