HOLCIM’s Net Profit Decreased to $19.19M in 2015

According to its financial statements, HOLCIM recorded a net profit of $19.19 M in 2015 compared to $33.53 in 2014. Gross profit margin saw a yearly decrease from 17.34% in 2014 to 13.05% in 2015, on the back of the decrease in sales by 13.27% to $188.67M which outweighed the 15.62% decrease in cost of sales to $121.76M, over the same period.

On the balance sheet, total assets decreased from $294.05M in 2014 to $286.05M by end of 2015. In details, inventory declined by 7.23% year-on-year to $40.72M, while receivables increased by 17.09% to $29.69M, over the same period. Total shareholders’ equity went down from $242.61M in 2014 to $231.48M by the end of 2015.

HOLCIM’s Financial Highlights ($M)

 Dec-14Dec-15Change
Sales217.53188.67-13.27%
Cost of Sales144.31121.76-15.62%
Gross Profit37.7224.62-34.71%
Gross Profit Margin17.34%13.05% 
Net Profit 33.5319.19-42.77%
Net Profit Margin15.41%10.17% 

Source: BSE News

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