Holcim’s Profit Down in First Half of 2017
According to Holcim’s balance sheet as at the end of June 2017, the company’s assets grew by 1.11% year-to date to $253.11M. Total equity also grew by 10.43% year-to-date to $201.16M as at end June 2017.
Holcim’s net sales amounted to $74.87M by the end of June 2017 compared to $163.54M for the year 2016. The cost of sales also fell from $80.47M in 2016 to $39.00M as at end June 2017. Therefore, Holcim’s profit declined from $49.22M by end 2016 to $19.00M by end June 2017.
Holcim Financial Highlights
| ($M) | Jun-17 | Dec-16 | YTD |
| Total Assets | 253.11 | 250.33 | 1.11% |
| Total Equity | 201.16 | 182.16 | 10.43% |
| Net Sales | 74.87 | 163.54 | -54.22% |
| Cost of Sales | 39.00 | 80.47 | -51.54% |
| Profit | 19.00 | 49.22 | -61.40% |
Source: Beirut Stock Exchange, Holcim
