Profits of Ciments Blancs Plunged to $993,000 in H1 2019

The financial statements of the “Societe Libanaise des Ciments Blancs” revealed a plunge in the company’s profits from $5.8M by end 2018 to $993,000 by June 2019. The contraction in profits came on the back of Net sales plummeting from $13.11M in 2018 to $5.05M in H1 2019. The Cost of sales also slipped from $6.71M in 2018 to $3.74M by June 2019.

As for the company’s balance sheet as of June 2018, it showed Total assets added 1.14% year-to-date (y-t-d), to settle at $25.61M in H1 2019. Meanwhile, Total equity rose by 4.83% y-t-d to reach $21.55M.

 

Financial Highlights of Ciments Blancs: H1 2019

in 000 of USD Jun-19 2018 YOY
Total Assets                         25,608                                           25,321 1.14%
Total Equity                         21,555                                           20,562 4.83%
Revenue                            5,045                                           13,106 -61.51%
Cost of Sales                            3,736                                             6,711 -44.33%
Profit for the Year                               993                                             5,788 -82.84%

Source: Beirut Stock Exchange, Ciments Blancs

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