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)
|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