HOLCIM Posted a Net Loss of $1.04M in H1 2019

According to Holcim’s balance sheet as of June 2019, the company’s Total Assets dropped by 7.11% since year start, to settle at $244.63M in H1 2019. In turn, the firm’s Total equity recorded a year-to-date downtick of 0.7% to $146.91M in H1 2019.

As for Holcim’s Income statement, it revealed that Net sales ended the first half of 2019 at $49.79M, down from $148.58M for the year 2018. The Cost of sales also slumped from $83.17M in 2018 to $37.55M in H1 2019. It followed that Holcim recorded a Loss of $1.04M by June 2019, compared to a profit of $27.38M in 2018.

Holcim Financial Highlights: H1 2019

(in $M) Jun-19 Dec-18 YOY
Total Assets                             244.63                             263.36 -7.11%
Total Equity                             146.91                             147.95 -0.70%
Net Sales                               49.79                             148.58 -66.49%
Cost of Sales                               37.55                               83.17 -54.86%
Profit or loss                               (1.04)                               27.38 -103.79%

 

Source: Beirut Stock Exchange, Holcim

 

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