Holcim’s Profit Shrank in H1 2018 to $13.07M
According to Holcim’s balance sheet as of June 2018, the company’s assets retreated by 6.3% year-to-date (y-t-d) to $247.66M. Meanwhile, total equity grew by 7.43% since the beginning of the year, to $189.14M in H1 2018.
Holcim’s net sales stood at $72.77M by the end of June 2018, down from $159.81M for the year 2017. The cost of sales in its turn also fell from $78.63M in 2017 to $42.36M in H1 2018. Accordingly, Holcim’s profit contracted from $43.29M by end 2017 to $13.07M by end June 2018.
Holcim Financial Highlights
| ($M) | Jun-18 | Dec-17 | YOY |
| Total Assets | 247.66 | 264.30 | -6.30% |
| Total Equity | 189.14 | 176.06 | 7.43% |
| Net Sales | 72.77 | 159.81 | -54.46% |
| Cost of Sales | 42.36 | 78.63 | -46.12% |
| Profit | 13.07 | 43.29 | -69.80% |
Source: Beirut Stock Exchange, Holcim
