The statement of comprehensive income of the “Societe Libanaise des Ciments Blancs” revealed an increase in the company’s profit from $2.77M in 2015 to $4.39M in 2016. Revenue dropped from $12.77M in 2015 to $12.21M in 2016 but this decline in revenue was offset by a larger drop in the cost of sales from $7.84M in 2015 to $6.41M in 2016.
According to 2016’s balance sheet, total assets dropped by an annual 1.84% to $24.54M due to declines in non-current assets such as Property plant and equipment and in current assets such as inventories, trade and other receivables and cash and cash equivalents. Meanwhile, total equity rose by 9.41% year-on-year to $18.96M as retained earnings almost doubled from $2.97M in 2015 to $4.36M in 2016.
Ciments Blancs Financial Highlights
| ($M) | 2015 | 2016 | YOY |
| Total Assets | 25 | 24.54 | -1.84% |
| Total Equity | 17.33 | 18.96 | 9.41% |
| Revenue | 12.77 | 12.21 | -4.39% |
| Cost of Sales | 7.84 | 6.41 | -18.24% |
| Profit for the Year | 2.77 | 4.39 | 58.48% |
Source: Beirut Stock Exchange, Ciments Blancs