According to Holcim’s balance sheet as of December 2017, the company’s assets grew by 3.03% year-on-year to $264.3M. However, total equity declined by 3.34% year-on-year to $176.06M at the end of December 2017.
Holcim’s net sales amounted to $159.87M by the end of December 2017 compared to $163.54M for the year 2016, a yearly decrease of 2.24%.
The cost of sales also fell from $80.47M in 2016 to $77.83M as of the end of 2017, a yearly decrease of 3.28%.
Therefore, Holcim’s profit declined from $49.22M by end of 2016 to $43.29M by end of 2017, a yearly decrease of 12.04% that could also be explained by higher expenses. In fact, total expenses increased by 20.85% from end of 2016 to end of 2017.
Holcim Financial Highlights
|Cost of Sales||77.83||80.47||-3.28%|
Source: Beirut Stock Exchange, Holcim