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-14 | Dec-15 | Change | |
| Sales | 217.53 | 188.67 | -13.27% |
| Cost of Sales | 144.31 | 121.76 | -15.62% |
| Gross Profit | 37.72 | 24.62 | -34.71% |
| Gross Profit Margin | 17.34% | 13.05% | |
| Net Profit | 33.53 | 19.19 | -42.77% |
| Net Profit Margin | 15.41% | 10.17% |
Source: BSE News
