LafargeHolcim’s H1 2018 profit drops 43%

LafargeHolcim’s H1 2018 profit drops 43%
30/07/2018 , by , in ALLIED

LafargeHolcim first half profit fell 43 percent, the company said on Friday, as the world’s largest cement took 300 million Swiss francs ($301.81 million) in restructuring costs from its overhaul under Chief Executive Jan Jenisch.

The Zurich company said first-half net profit tumbled to 371 million Swiss francs ($373.24 million), from 651 million francs a year earlier.

Sales rose 2.7 percent to 13.27 billion francs, while the company confirmed its target of increasing net sales by 3 to 5 percent every year, and lifting its core operating profit by at least 5 percent.

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