HOLCIM’s net income rose by 15.17% year-on-year (y-o-y), to $9.38M end of H1 2014, due to the 4.92% increase in net sales to $93.21M and the 0.83% drop in production costs to $37.95M.
On the balance sheet, total assets fell by 3.80% since last year to $269.21M by June 2014. This was due to the decrease in inventories and in cash and cash equivalents by 5.12% and 60.60% to $37.95M and $9.49M.
On the liabilities side, accounts payable and accruals plunged by 43.78% to $22.23M.
Total equity lost 0.83% to $64.57M, although retained earnings surged by 19.16% to $31.21M.
HOLCIM 2014 Financial Highlights (In $M)
| 2014 | 2013 | % change | |
| Net Income | 93.21 | 88.84 | 4.92% |
| Net Sales | 9.38 | 8.14 | 15.17% |
| Total Assets | 269.21 | 279.83 | -3.80% |
| Shareholders’ Equity | 221.68 | 214.86 | 3.17% |
Source: Company Data